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 10-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 148,480 units of the equipment's product each year. The expected annual income related to this equipment follows Sales $ 232,000 Costs Materials, labor, and overhead (except depreciation on new equipment) 81,000 Depreciation on new equipment 37,120 Selling and administrative expenses 23,200 Total costs and expenses 141,320 Pretax income 90,680 Income taxes (2x) 18,136 Net income $ 72,544 If at least an 8% 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 = 10 8% Amount x PV Factor Present Value Select Chart Present Value of an Annuity of 1 Prosent value of cash inflows Present value of cash outflows Net present value