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 $377600 with a 10-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, 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 (30%) Net income 83,000 37,760 23,600 144,360 91,640 27,492 $ 64,148 If at least on 9% return on this investment must be earned, compute the net present value of this investment (PV of St. FV of $1. PVA of S1, and FVA of $(Use appropriate factor(s) from the tables provided.) Chart Values are Based on: n Select Chart Amount X PV Factor - Present Value Net procent value