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 $384,000 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis.The company expects to sell 153,600 units of the equipment's product each year. The expected annual income related to this equipment follows. If at least an 10% return on this investment must be earned, compute the net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) $240,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses 84,000 48,000 24,000 Total costs and expenses 156,000 Pretax income Income taxes (30%) 84,000 25,200 Net income $ 58,800