Your answer is partially correct. Pina Colada Industries is considering the purchase of new equipment costing $1,247,000 to replace existing equipment that will be sold for $185,300. The new equipment is expected to have a $206,000 salvage value at the end of its 5-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 36,100 units annually at a sales price of 523 per unit. Those units will have a variable cost of $14 per unit. The company will also incur an additional $99,600 in annual fixed costs. Click here to view the factor table. Calculate the present value of each cash flow assuming an 5% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to decimal place, e8.58,971. Enter negative amounts using a negative sign preceding the number eg - 58,971 or parentheses eg. (58,9711) Present Value $ - 1.247.000 185,300 Cash Flow Purchase of new equipment Salvage of old equipment Sales revenue Variable costs Additional fixed costs Salvage of new equipment eTextbook and Media Save for Later