The Monty Company is planning to purchase $162,000 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 $226,000 141,000 106,000 50,900 64,700 44,200 41.700 Total $674,500 lokthere to view the factor table Calculate the represent value of the proposed equipment purchase. Monty uses a 11% discount rate (For calculation purposes, we decimal places as displayed in the factor table provided and round final answer to decimal place SR971.) Net present value $