View Policies Current Attempt in Progress The Blue Spruce Company is planning to purchase $450.000 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 1 Projected Cash Flows $201.000 135.000 123.000 2 3 4 54,300 5 67,800 6 43,100 7 47,600 Total $671.800 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Blue Spruce uses a 6% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to decimal place, eg. 58,971.) Net present value $