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 10-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 equipments product each year. The expected annual income related to this equipment follows.

Sales	$	238,000
Costs
Materials, labor, and overhead (except depreciation on new equipment)		83,000
Depreciation on new equipment		38,080
Selling and administrative expenses		23,800
Total costs and expenses		144,880
Pretax income		93,120
Income taxes (30%)		27,936
Net income	$	65,184

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.)