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 $369,600 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 147,840 units of the equipment's product each year. The expected annual income related to this equipment follows. 231,000 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 (30) Net Income 81,000 61,600 23, 100 165,700 65,300 19.590 $ 45,710 If at least an 9% return on this investment must be earned, compute the net present value of this investment. (PV of 51. FV of $1. PVA of S1 and EVA of S1) (Use appropriate foctor(s) from the tables provided.) Chart Values are Based on: 29 Select Chart Amount PV Factor Present Value Not present value