Wilson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $56,000. The equipment will have an initial cost of $682,000 and have an 8 year life. The salvage value of the equipment is estimated to be $154,000 if the hurdle rate is 10%, what is the approximate net present value? Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) $528,000 $40,699 $154,000 Less than zero