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 $369,600 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 147,840 units of the equipment's product each year. The expected annual income related to this equipment follows. 2:12 Sales Costa Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax incone Income taxes (30%) Net incone $231,000 81,000 46,200 23,100 150,300 80,700 24,210 $ 56,490 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, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: Select Chart Net present value. Amount x PV Factor Present Value