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: Projected Cash Year 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 % discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, eg. 58,971.) Net present value 89376