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 $380,800 with a 12-year life and no salvage value. It will be depreciated on a straight- line basis. The company expects to sell 152,320 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 238,000 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 (208) Net income 83,000 31,733 23,800 138,533 99,467 19,893 $ 79,574 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.) Chart Values are Based on: n = Select Chart Amount % x PV Factor = Present Value 0 Net present value