Exercise $24-13($Algo$)$ Net present value of an annulty 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 $$377,600$ and has a $10-$year life and no salvage value. B$2$B Company requires at least an $9\%$ 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 $FV.$

approprlate foctor$($s$)$ from the tables provlded.$)$

$($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. $($Round your present value factor to $4$ decimals and other final answers to

the nearest whole dollar.$)$