Suppose your company can purchase new equipment for $870,000. Your company's profits would increase by $236.000 per year for 5 years, paid at the end of each year. The equipment becomes worthless at the conclusion of the 5th year, no salvage value. You assume an inflation rate of 2%, the risk of this equipment not leading to this profit is 2%, and your cost of capital would be 4% to purchase this equipment. Should you purchase this equipment? Show your work. Carry answer to the nearest dollar.