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 $360,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 144,000 units of the equipment's product each year. The expected annual income related to this equipment follows. (PV of $1. EV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided.) $ 225,000 Sales Costa 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 (308) Net income 120,000 30,000 22,500 172,500 52,500 15.259 $36,750 If at least an 8% return on this investment must be earned, compute the net present value of this investment Chart Values are based on: Amount Select Chall * PV Factor Present Value $ 0 Net present value