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 $368,000 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. B2B Co. concludes that it must earn at least a 9% return on this investment. The company expects to sell 147,200 units of the equipment's product each year. The expected annual income related to this equipment follows. (PV of $1, FV of $1, PVA of $1, ad FVA of $1) (Use appropriate factor(s) from the tables provided.) Sales Costs $230,000 Materials, labor, and overhead (except depreciation) 81,000 46,000 23,000 Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (30%) Net income 150,000 80,000 24,000 $56,000 Compute the net present value of this investment. (Round "PV Factor" to 4 decimal places. Round your intermediate calculations and final answer to the nearest dollar amount.) hart values are based on: 996 elect chart Amount X Table factor = | Present Value esent Value of an Annuity of1 Present value of cash inflows Present value of cash outflows Net present value (368,000)