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 6-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$232,000CostsMaterials, labor, and overhead (except depreciation on new equipment)81,000Depreciation on new equipment61,867Selling and administrative expenses23,200Total costs and expenses166,067Pretax income65,933Income taxes (30%)19,780Net income$46,153

If at least an 8% 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.)