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 $374,400 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149,760 units of the equipments product each year. The expected annual income related to this equipment follows.

Sales	$	234,000
Costs
Materials, labor, and overhead (except depreciation on new equipment)		82,000
Depreciation on new equipment		46,800
Selling and administrative expenses		23,400
Total costs and expenses		152,200
Pretax income		81,800
Income taxes (40%)		32,720
Net income	$	49,080

If at least an 9% 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= Amount Select Chart x PV FactorPresent Value Net present value