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 $376,000 with a 10-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 150,400 units of the equipment's product each year. The expected annual income related to this equipment follows Sales 15 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 (30%) Net income $ 295,000 37,400 23,500 143,100 27,570 $ 64,330 If at least an 8% return on this investment must be earned, compute the net present value of this investment (PV of $1 EV of $1 PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: Select Chart Net present value n = Amount X PV Factor Present Value