The Ayayal Company is planning to purchase $494,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Year Projected Cash Flows 1 $209.000 2 133.000 3 122.000 1 4 50.800 5 60,300 6 44.700 7 41.100 Total $660,900 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Ayayai uses a 6% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Net present value $