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Exercise 12-4 (Algo) Uncertain Future Cash Flows [LO12-4] Lukow Products is investigating the purchase of a plece of automated equlpment that will save $130,000 each year in direct labor and inventory carrying costs. This equipment costs $780,000 and is expected to have a 6 -year useful life with no salvage value. The company's required rate of retum is 10%5 on all equipment purchases. Management anticipates that this equipenent will provide. intangible benefas such as greater fexibility and higher-quality output that will result in adititional future cash inflows. Clck here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropeiate discount factorts) using table. Requlred: 1. What is the net present value of the ploce of equlpment before considering its intangible benefits? (Enter negative amount with a minus sign, Aound your final answer to the nearest whole dollar amount.) 2. What minimum dollar value per year must be provided by the equipment's intangibie benefits to justify the $780,000 irivestment? (Do not round intermediate calculations. Pound your answer to the nearest whole dollar amount)