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 $377,600 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 151,040 units of the equipment's product each year. The expected annual income related to this equipment follows. Sales $236,000 Costs Materials, labor, and overhead (except depreciation on new 83,000 equipment) Depreciation on new equipment 47,200 Selling and administrative expenses 23,600 Total costs and expenses 153,800 Pretax income 82,200 Income taxes (40%) 32,880 Net income $ 49,320 If at least an 10% 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 = 8 10% Select Chart Amount PV Factor Present Value Present Value of an Annuity of 1 $ 0 Present value of cash inflows Present value of cash outflows Net present value (377,600)