5 3.33 points eBook B2B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $360,000 and has a 12-year life and no salvage value. B2B Company requires at least an 8% return on this investment. The expected annual income for each year from this equipment follows: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Equipment Selling, general, and administrative expenses Income $225,000 120,000 30,000 38,250 $ 36,750 (a) Compute the net present value of this investment. Hint Print (b) Should the investment be accepted or rejected on the basis of net present value? Complete this question by entering your answers in the tabs below. References Required A Required B Compute the net present value of this investment. (Round your present value factor to 4 decimals and other final answers to the nearest whole dollar.) Years 1 through 12 Net present value Present Value Annual Net Cash Flows X Present Value of Annuity at 8% = of Net Cash Flows < Required A Required B > C