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 $380,800 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 152,320 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs $ 238,00e Materials, labor, and overhead (except depreciation on new equipment) 83,000 47,600 23,800 154,400 83,600 25,880 Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (30%) Net income $ 58,520 If at least an 10% return on this investment must be earned, compute the net present value of this investment. (PV of$1. Evof$1, PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided.) rt Values are Based on: Select Chart x PV Factor = Present Value Amount Net present value