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 12-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.

Sales$ 238,000

Materials, labor, and overhead (except depreciation on new equipment)83,000

Depreciation on new equipment31,733

Selling and administrative expenses23,800

Total costs and expenses138,533

Pretax income99,467

Income taxes (40%)39,787

Net income$59,680

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, andFVA of $1)(Use appropriate factor(s) from the tables provided.)