Question 5The Sarasota Company is planning to purchase $486,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment:YearProjected Cash Flows1$219,0002147,0003105,000451,000563,700649,100748,200Total$683,000Click here to view the factor table.Calculate the net present value of the proposed equipment purchase. Sarasota uses a 7% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.)
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