Wilson Corporation 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 of $$57,000.$ The equipment will have an initial cost of $$635,000,$ an $8-$year useful life, and an estimated salvage value of $$131,000.$ If the company$$s cost of capital is $12\%,$ 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)$Wilson Corporation 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 of $$57,000.$ The equipment will have an initial cost of $$635,000,$ an $8-$year useful life, and an estimated salvage value of $$131,000.$ If the company$$s cost of capital is $12\%,$ 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)$