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 la expected to cost $374,400 with a 10-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 149,760 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 234,000 Balan Conta Materiale, labor, and overhead (except depreciation on new equipnent) Depreciation on a squipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (204) Nat income 02.000 37.440 23,400 142,840 91,160 16.232 $ 72,928 If at least an 9% return on this investment must be eamed, compute the net present value of this investment (PV of $1. FV. of S1 PVA of $1. and FVA of $1 (Use appropriate factor(s) from the tables provided.) $ 0 Net present value