B28 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. B28 Company requires at least an 8% return on this irvestment. The expected annual income for each year from this equipment follows: (PV of \$1, EV of S1, PVA of S1, and EVA of SI) (Use appropriate factor(s) from the tables provided.) (a) Compula the net present value of this investment (b) Should the investment be accepted or rejected on the basis of net present value? 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.)