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 $379,200 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 151,680 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 237,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (30%) 83,000 31,600 23,700 138,300 98,700 29,610 69,090 Net income $ 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.) X Answer is complete but not entirely correct. Chart Values are Based on: n = 12 8 X % Amount Select Chart Present Value of an Annuity of 1 PV Factor 7.5361 Present Value 758,810 $ 100,690 $ $ Present value of cash inflows Present value of cash outflows 758,810 (379,200) 379,608 x $ Net present value