828 Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $379,200 and has a 4-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, EV 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 (a) Compute the net present value of this investment. $ 237,000 83,000 94,800 23,700 $ 35,500 (b) Should the investment be accepted or rejected on the basis of net present value?