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B2B Co. is considering the purchase of equipment that wouldallow the company to add a new product to its line. The equipmentis expected to cost $379,200 with a 10-year life and no salvagevalue. It will be depreciated on a straight-line basis. The companyexpects to sell 151,680 units of the equipment’s product each year.The expected annual income related to this equipment follows.Sales$237,000CostsMaterials,labor, and overhead (except depreciation on new equipment)83,000Depreciation onnew equipment37,920Selling andadministrative expenses23,700Total costs andexpenses144,620Pretaxincome92,380Income taxes(40%)36,952Net income$55,428If at least an 9% 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 FVA of $1) (Use appropriate factor(s)from the tables provided.)Chart Values are Basedon:n =i =Select ChartAmountxPV Factor=Present Value=$0Netpresent value