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 $371,200 with a 7-year life and no salvage value. It will be depreciated on a straight-line basis. B2B Co. concludes that it must earn at least a 8% return on this investment. The company expects to sell 148,480 units of the equipments product each year. The expected annual income related to this equipment follows. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Sales	$	232,000
Costs
Materials, labor, and overhead (except depreciation)		81,000
Depreciation on new equipment		53,029
Selling and administrative expenses		23,200
Total costs and expenses		157,229
Pretax income		74,771
Income taxes (30%)		22,431
Net income	$	52,340

Compute the net present value of this investment. (Round "PV Factor" to 4 decimal places. Round your intermediate calculations and final answer to the nearest dollar amount.)