The Riverbed Company is planning to purchase $483,000 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 $207,000 2 147,000 3 123.000 4 56,400 5 62,600 6 40,600 7 44,600 Total $681,200 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Riverbed uses a 7% 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 $ 18559