B2B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $374,400 and has a 4-year life and no salvage value. B2B Company requires at least an 9% return on this investment. The expected annual income for each year from this equipment follows: (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Equipment Selling, general, and administrative expenses Income (a) Compute the net present value of this investment. $ 234,000 82,000 93,600 23,400 $ 35,000 (b) Should the investment be accepted or rejected on the basis of net present value?