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(Ignore income taxes in this problem.) Gull Inc. is considering the acquisition of equipment that...

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Accounting

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(Ignore income taxes in this problem.) Gull Inc. is considering the acquisition of equipment that costs $520,000 and has a useful life of 6 years with no salvage value. The Incremental net cash flows that would be generated by the equipment are: -46 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Incremental net cash flows $138,000 $188,000 $149,000 $158,000 $148,000 $128,000 Click here to view Exhibit 138-1 and Exhibit 138-2 to determine the appropriate discount factor(s) using the tables provided. If the discount rate is 13%, the net present value of the Investment is closest to: (Round your final answer to the nearest dollar amount.)

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