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 $371,200 with a 10-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 148,480 units of the equipments product each year. The expected annual income related to this equipment follows.

Sales	$	232,000
Costs
Materials, labor, and overhead (except depreciation on new equipment)		81,000
Depreciation on new equipment		37,120
Selling and administrative expenses		23,200
Total costs and expenses		141,320
Pretax income		90,680
Income taxes (40%)		36,272
Net income	$	54,408

If at least an 10% 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.)