A manufacturer is looking to purchase a piece of equipment for 10,000. The annual income is 3,000 in yr 1, 4,000 in Yr 2 and 5,000 in year 3. The discount rate is 7% because this is what can be earned if the money was put into a high interest generating account. work out the Net Present Value of this investment for each year and for the total of all years. Make recommendations on whether to go ahead and purchase this equipment or not. You must explain and Justify your answers