The Sarasota Company is planning to purchase $486,000 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 $219,000 2 147,000 3 105,000 4 51,000 5 63,700 6 49,100 48,200 Total $683,000 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Sarasota 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 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer