B$2$B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $$382,400$ and has a $8-$year life and no salvage value. B$2$B Company requires at least an $10\%$ return on this investment. The expected annual income for each year from this equipment follows: $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Sales of new product $ $239,000$

Expenses

Materials, labor, and overhead $($except depreciation$)84,000$

Depreciation$$Equipment $47,800$

Selling, general, and administrative expenses $23,900$

Income $ $83,300$

$($a$)$ Compute the net present value of this investment.

$($b$)$ Should the investment be accepted or rejected on the basis of net present value?