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 $382,400 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 152,960 units of the equipments product each year. The expected annual income related to this equipment follows.

Sales	$	239,000
Costs
Materials, labor, and overhead (except depreciation on new equipment)		84,000
Depreciation on new equipment		63,733
Selling and administrative expenses		23,900
Total costs and expenses		171,633
Pretax income		67,367
Income taxes (20%)		13,473
Net income	$	53,894

If at least an 9% 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.) Four decimals required under PV Factor

Chart Values are Based on: n = i = % X PV Factor Select Chart Amount II Present Value $ 0 $ $ 0 11 $ Net present value