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 $374,400 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149,760 units of the equipment's product each year. The expected annual income related to this equipment follows Sales $ 234,000 Casts Materials, labor, and overhead (except depreciation on new equipment) 82,000 Depreciation on new equipment 62,400 Selling and administrative expenses 23,400 Total costs and expenses 167, BD Pretax income 66,200 Income taxes (20%) 19,240 Net income 5 52,960 If at least an 9% return on this investment must be earned, compute the net present value of this investment (PV $1. FV of $1. PVA of $1. and EVA of 5.1) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: n Amount py Factor Present Value Select Chart Total costs and expenses Pretax income Incone taxes (20%) Net Income 162, 66,200 13.240 $ 52,960 If at least an 9% return on this investment must be earned, compute the net present value of this investment (PVS1 FV of $1. PVA of $1. and EVA OD (Use appropriate factore) from the tables provided Chart Values are based on: Select Chart Amount PV Factor Present Value Net present value