Is thus correct?

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 12-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. Sales Couto Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total conts and expenses Pretax income Thcome taxon (308) Net income $ 231,000 81,000 30,800 23,100 134,900 96,100 28,30 $ 62,270 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 EVA of $9) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: 12 10% Select Chart Present Value of an Annuity of 1 Amount X 98,070 % PV Factor 0.3220 Present Value $ 31,579 $ 31,579 Present value of cash inflows Present value of cash outflows Net present value (369.600) 332,650 $