Exercise $24-13($Algo$)$ Net present value of an annuity LO P$3$

B$2$B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The

equipment costs $$376,000$ and has a $6-$year life and no salvage value. B$2$B Company requires at least an $8\%$ return on this investment.

The expected annual income for each year from this equipment follows: $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

$($a$)$ Compute the net present value of this investment.

$($b$)$ Should the investment be accepted or rejected on the basis of net present value?

Complete this question by entering your answers in the tabs below.

Required $A$

Compute the net present value of this investment.

Note: Round your present value factor to $4$ decimals and other final answers to the nearest whole dollar.