Windsor inc wants to replace its current equipment with new high-tech equipment. The existing equipment was purchased 5 years ago at a cost of $127,000. At that time, the equipment had an expected life of 10 years, with no expected salvage value. The equipment is being depreciated on a straight-line basis. Currently, the market value of the old equipment is $43,300. The new equipment can be bought for $176,980, including installation. Over its 10 -year life, it will reduce operating expenses from $191,700 to $146,500 for the first six years, and from $206,300 to $192,500 for the last four years. Net working capital requirements will also increase by $20,000 at the time of replacement. It is estimated that the compary can sell the new equipment for $24,600 at the end of its life. Since the new equipment's cash flows are relatively certain, the project's cost of capital is set at 9%, compared with 15% for an average-risk project. The firm's maximum acceptable payback period is 5 years. Click here to view the factor table. (a) Calculate the initial investment amount. Calculate the project's net present value. (If the net present value is negotive, use either a negative sign preceding the number eg -45 or parentheses es. (45). For calculation purposes, use 5 decimal places as displayed in the foctor table provided, eg. 1.25124 and final answer to 0 decimal places, es. 5,275.) Net present value Attempts: 0 of 3 used (d) The parts of this question must be completed in order. This part will be wailable when you complete the part above