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 $384,000 with a 8-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 153,600 units of the equipment’s product each year. The expected annual income related to this equipment follows. If at least an 9% return on this investment must be earned, compute the net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)Sales$240,000Costs Materials, labor, and overhead (except depreciation on new equipment) 84,000Depreciation on new equipment 48,000Selling and administrative expenses 24,000Total costs and expenses 156,000Pretax income 84,000Income taxes (20%) 16,800Net income$67,200Compute the net present value of this investment. Chart Values are Based on: n = i =Select ChartAmountxPV Factor=Present Value=Net present value