3 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 $369,600 with a 12-year life and no salvage value It will be depreciated on a straight line basis. The company expects to sell 147,840 units of the equipment's product each year. The expected annual income related to this equipment follows 25 DO Sales Costs Materials, labor, and overhead (except depreciation on new equipent) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (411) Net income $ 231,000 31,600 10,8 23,100 134,900 96,100 38,440 $ 57,660 If at least an 9% return on this investment must be eamed, compute the net present value of this investment (PV of S1, FV of $1. PVA of $1, and EVA of S1) (Use appropriate factor(s) from the tables provided.) Answer is complete but not entirely correct. Chart Values are based on 1 12 = Amount Select Chart Present Value of an Annuity of pv Factor 7.1607 Present Value 633,436 88,460 $ S Present value of cash inflows Present value of cash outflows Net present value OO 633 436 (369,600) 263,838 $