$($c$)$ LThe Hopewell Company is evaluating the purchase of a new equipment costing $$200,000.$ The following other information is given to you:

Expected life

$5$ years

Minimum desired rate of return:

$10\%$

At the end of life of the equipment is expected to be sold off as scrap and realize $$12,000.$

Expected cash flows for the $5$ years will be as follows:

$\backslash$table$[[$Yr$.1,$$$70,000$