The Calder Company purchased a piece of equipment for $20000. the equipment has a life a ten years. the equipment will provide cost savings of $3500, after which time it will have asalvage value of $2500 at the end of 10 years. if the company'sdiscount rate is 12%, the equipment's net present value is (ignore income tax): (present value of $ at 12% at the end of 8 years is 0.322, present valu of an annuity of $1 is 5.650)