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 8-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 Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and adeinistrative expenses Total costs and expenses Pretax income Income taxes (20%) Net income $232,000 $1,000 46,400 23,200 150,000 16,200 $65,120 If at least an 10% return on this investment must be earned compute the net present value of the investment. (PV of $1. FV of $1 PVA of 51, and EVA of 50 (Use appropriate factor(s) from the tables provided.) Chart Valves are Based on Select Chart Present value of cash inflows Present value of cash outflows Net present value Amount PV Factor Present Value $