The Bramble Company is planning to purchase $487,000 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 1 2 3 Projected Cash Flows $207.000 132,000 109,000 51,700 61,200 44,400 46,300 $651,600 4 5 6 7 Total Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Bramble uses a 6% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to decimal place, eg, 58,971.) Net present value $ e Textbook and Media