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Byron Corporation is considering the purchase of a new plece of equipment. The cost savings...

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Byron Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $115,000. The equipment will have an initial cost of $485,000, a 5-year useful life, and an estimated salvage value of $79,000. If the company's cost of capital is 9%, what is the approximate net present value? I Future Value of $1, Present Value of $1. Future Value Annuity of $1, Present Value Annuity of \$1) Note: Use the appropriate factors from the PV tables. Multiple Choice $115,000 $194,000 $(37,685) $13,658

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