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 $377,600 with a 4-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 151,040 units of the equipments product each year. The expected annual income related to this equipment follows.

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 $377,600 with a 4-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 151,040 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 236,000 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 (40%) Net income 94,400 23,500 201,000 35,000 14,000 21,000 $ If at least an 9% return on this investment must be earned, compute the net present value of this investment (PV of $1. EV of $1. PVA of 51. and EVA of SH (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: Select Chart Amount x PV Factor - Present Value Net present value