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 $377,600 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell $151,040 units of the equipment's product each year. The expected annual income related to this equipment follows.

Sales $236,000

Costs

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

Depreciation on new equipment $62,933

Selling and administrative expenses $23,600

Total costs and expenses $169,533

Pretax income $66,467

Income taxes (20%) $13,293

Net income $53,174

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