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 $369,600 with a 8-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 Coata 81,000 46,200 23,100 Materiala, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Total coat and expenae Pretax income Income tax. (20%) 16,140 $ 64,560 lft least an 10% return on this investment must be earned, compute the net present value of this investment. (P rorst E o of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) , ev Values are Based on: n=