4 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 10-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. $ 231,000 Sales 1.87 Costs points Materials, labor, and overhead except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses 81,000 36,960 23,100 Total costs and expenses 141,060 eBook 89,940 26,982 Pretax income Hint Income taxes (308) 62,958 Net income Print References 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.) Chart Values are Based on: n = Select Chart Amount PV Factor Present Value X Net present value