Windsor Inc wants to replace its current equipment with new high-tech equipment. The existing equipment was purchabed 5 years ayo at a cost of 5127,000 . At that time, the equipment had an expected life of 10 years, with no expected salvage value . The equipnent 1s being depreciated on a straight-line basis. Currently, the market value of the old equipment is $43,300. The new equipment can be bought for $176,980, including installation. Over its 10 -vear life, it will reduce operating expenses trom $191,700 to $146,500 for the first six years, and from $206,300 to $192,500 for the last four Y ars. Net workin cagital requirements will also increase by $20,000 at the time of replacement. It is estimated that the company can sell the new equipment for $24,600 at the end of its life. Since the new equipment scash fow are relatively certain, the project's cost of capital is set at 9%, compared with 15% for an average-risk aroject. The firm's maximum acceptable payback period is 5 years. Click here to view the factor table. Calculate the project's net present value. (If the net present volue is negative, use either a negotive slgn preceiling the number es -45 or parentheses es. (45). For calculation purpeses, use 5 decimal ploces as displayed in the foctor table provided, e.8. 1.25 1.24 and final annwer to 0 decimal places, es 5,275 ] Net present value Attempts: 0 of 3 used (d) The parts of this question must be completed in order. This part will be wailable when you complete the part ibove