Exercise 24-9 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 $372,800 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149120 units of the equipment's product each year. The expected annual income related to this equipment follows $.233.000 Sales Costs Materials, labor, and overhead (except depreciation on new equipeent) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Incot taxes (403) Net Income 82,000 31.067 20.00 136,367 96,633 33.653 $ 52.900 If at least an 9% return on this investment must be earned. compute the net present value of this investment. PVS1 EV. 1. EVA $1, and EVA of S1) (Use appropriate foctor(s) from the tables provided.) Chart Values are Based on: Prev 1 of 1 NEX my w Senin ang aministrative expenses Total costs and expenses Pretax income Income taxes (40%) Net Income 136,367 96,633 138,653 $ 57,980 If at least an 9% return on this investment must be earned, compute the net present value of this investment (evo S1,EV of $1 EVA $1, and EVA [ $1) (Use appropriate factor(s) from the tables provided.) Chart Values are Bosed ont % Select Chart Amount X PV Factor Present Value Net present value