Check Exercise 11-9 Computing net present value LO P3 B2B Co. is considering the purchase of equipment that would a 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 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs 234,000 Materials, labor, and overhead (except depreciation on nev equipment ) 82,000 37,440 23,400 142 840 91,160 Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax incone Income taxes (409) tet ineome 36-46 54,696 If at least an 8% return on this investment must be earned, compute the net present value of this investment evorsu Eyati PVAof Si. and EVA of $) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: 10 8% ect t Chart Amount PV FactorPresent Value Present Value of 1 Net present value