Exercise 11-9 Computing net present value LO P3 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 4-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 equipment's product each year. The expected annual income related to this equipment follows. $ 232,800 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 (40%) Net income 81,000 92,800 23, 200 197, eee 35,800 14,800 21,00 $ 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.) Answer is not complete. Chart Values are based on: % Amount PV Factor Present Value Select Chart Present Value of an Annuity of 1 IS 113.800 X = s 0 Present value of cash inflows Present value of cash outflows >> Net present value