B2B Co. is considering the purchase of equipment that would allow the company to expected to cost $376,000 with a 12 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. $ 235,000 Sales 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 (20%) Net Income 82,000 31,333 23,500 136,833 98.167 19,633 78.534 If at least an 9% return on this investment must be earned, compute the net present value of this investment (PVOL 51 EVO 51. PVA of S1 and EVA OLS1) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: Select Chart Amount K PV Factor - Present Value Net present value