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 $372,800 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149,120 units of the equipments product each year. The expected annual income related to this equipment follows.

Sales	$	233,000
Costs
Materials, labor, and overhead (except depreciation on new equipment)		82,000
Depreciation on new equipment		46,600
Selling and administrative expenses		23,300
Total costs and expenses		151,900
Pretax income		81,100
Income taxes (30%)		24,330
Net income	$	56,770

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, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Chart Values are Based on:
n =	8
i =		%
Select Chart	Amount	x	PV Factor	=	Present Value
Present Value of an Annuity of 1	$103,370	x		=	$0
Present value of cash inflows
Present value of cash outflows					(372,800)
Net present value