Yellow Bus Company 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 $379,200 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 151,680 units of the equipment's product each year. The expected annual income related to this equipment follows $ 237,000 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 (30%) Net income 83,000 63,200 23,700 67,168 2 0, 130 $ 46,970 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 S1, and FVA Of 51) (Use appropriate factor(s) from the tables provided.) Chart Values are based on: 10% * Select Chart Amount PV Factor Present Value Present Value of an Annuity of 1 Net present value