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 $369,600 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 147,840 units of the equipment's product each year. The expected annual income related to this equipment follows $ 231,000 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 (20%) Net income 81,000 61,600 23,100 165,700 65,300 13,060 $ 52,240 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 PVA 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