250 points Exercise 24-9 Computing net present value LOP3 828 Co is considering the parchase of equipment that would alow the company to add a new product to its bhe The equipment is expected to cost $360,000 with a 12-rear ife and no salvage value It will be depreciated on a straight-line basis. The company expects to sel 144,000 units of the equipment's product each year The expected annual income related to this nvestment must be eamed compate the net present value FV of S1. PY ot S1, EVA of $t and PVA o egapment folows Ifatleast an 8% return on this 1) (Use approperlate factorts) trom the tables provided S225,000 Materials, labor, and overhead (except depreciation) Selling and administrative expenses otal costs and expense 120000 30,000 2 500 on new equpment 172,500 Pretax income Income taxes (3%) Net income 52,500 15,750 36,750 Compute the epresent value of this investment ElteOne 800