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 $374.400 with a 10-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149,760 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs 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 (304) Net income $ 234,000 82,000 37,440 23,400 142,840 91,160 27,348 $ 63,812 If at least an 10% 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: no 1 % Amount X PV Factor = Select Chart Present Value of an Annuity of 1 Present Value $ Present value of cash inflows Present value of cash outflows Net present value