2) In Year I, Chandler Company purchased equipment with as espected useful life of S years. The inital ast a the equipment was $85,000. Carla's cost efonial is 12% At the time it purchased the equipment Chandler projected the follewing cash inflows from use of the equipment Year Projected Cash Inflow s 20,000 S 30,000 S 33,000 S 25,000 s 15,000 Required: 1) What is the net present value that Chandler calculated for the equipment when the company purchased the asset