A company is considering investing in a new piece of equipment. The equipment will cost $301,000, will last 7 years, and will have a $45,000.00 salvage value at the end of 7 years. The equipment is expected to generate net cash inflows of $87,000 per year in each of the 7 years. The company's discount rate is 11.00 % . 1) What is the net present value of this investment opportunity? 2) Should the company invest in the new equipment? (Use the Present Value Tables included with this exam).