3 Return to question product to its line. The equipment is expected to cost $372,800 with a 4 year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149,120 units of the equipment's product each year. The expected annual income related to this equipment follows 25 points E Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (40%) Net income $ If at least an 8% return on this investment must be earned, compute the net present value of this Investment (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Answer is complete but not entirely correct. Chart Values are Based on: Select Chart Amount PV Far 3.2397 Present Value Present Value of an Annuity of 1 Is 113,900 X Is 369,002 $ Present value of cash inflows Present value of cash outflows Net present value >$ 369,002 372,800 10,1363 $ MA