The Pina Colada Company is planning to purchase $ 458,000 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 $ 236.000 2 141,000 3 125.000 4 55,500 5 60,400 6 44.800 7 46.900 Total $ 709,600 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Pina Colada uses a 7% 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 $ 133834.12