The Bridgeport Company is planning to purchase $454,000 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 $219,000 137,000 115,000 55,500 63,600 44,500 45,400 $680,000 4 5 6 7 Total Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Bridgeport uses a 6% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971.) Net present value $ 1032140.6585