The Flint Company is planning to purchase $ 453,000 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 $ 235,000 2 130,000 3 116,000 4 53,000 5 60,800 6 40,000 7 49,500 Total $ 684,300 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flint uses a 11% 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