12 B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $376,000 with a 4-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 150,400 units of the equipment's product each year. The expected annual income related to this equipment follows. 153 pos Sales Costs lock 10 10 * Haterials, labor, and overhead (except depreciation on new equipment) Depreciation an new equipment Selling and administrative expenses Total costs and expenses Pretax incene Income taxes (20%)) Net Incone $235,000 12,000 94,000 23,5ea 199,500 35,568 7,100 28,400 If at least an 10% return on this investment must be earned, compute the net present value of this investment. (PV of $1. EV of $1. PVA of $1 and EVA of 39 (Use appropriate factor(s) from the tables provided.) Chart Values are Based on Select Chart Present Value of an Annuity of 1 Present value of cash inflows Present value of cash outows Net prosent value 10% Amount *PV Factor Present Value $ Check my work