5) A company accumulated the following data to evaluate the purchase of $37,500 of equipment. The equipment has a four-year useful life. Net income Net cash flow Year 1 $6,500 $19,500 Year 2 $10,900 $22,750 Year 3 $7,800 $20,250 Year 4 $2,500 $15,800 Required: a) Using a desired rate of return of 12%, determine the net present value for the proposal. Use the Present Value of $1 on the last page of this assignment and the format from the Practice Problems. Round all dollars to whole dollars. b) Indicate whether you would recommend this project to management and why or why not