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. $ 238,000 Sales Costa 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 (208) Net income 83,000 47,600 23,800 154,400 83,600 16.720 $ 66,880 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 EVA of $1) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: = 81% Amount Select Chart Present Value of 1 PV Factor = 5.5348 Present Value $ 633,624 $ 114,480 Present value of cash inflows $ 633,624 380,800 252,826 Net present value $