XYZ Company is considering the purchase of a new piece of equipment and has gathered the following information about the purchase: Initial investment Annual cost savings $20,000 Salvage value in 6 years 20% of original cost of the equipment Repair in 4 years Cost of capital $14,000 10% Life of project 6 years The net present value of this new equipment was -$37, 779 Calculate the salvage value for this piece of equipment. You will need to use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 8. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these table factors to answer this