Union Bay Plastics is investigating the purchase of automated equipment that would save $150,000 each year in direct labor and inventory carrying costs. This equipment costs $740,000 and is expected to have a 5-year useful life with no salvage value. The company's required rate of return is 12% on all equipment purchases. This equipment would provide intangible benefits such as greater flexibility and higher-quality output that are difficult to estimate and yet are quite significant. (Ignore income taxes.) Click here to view exhibit 13B-2, to determine the appropriate discount factor(s) using table. Required: what dollar value per year would the intangible benefits have to have in order to make the equipment an acceptable investment? (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. omit the "S" sign in your response.) annual value