Caroline's Candles would like to buy $134,000 of new candle-making equipment. However, the company has a major loan maturing in three years and needs this money at that time to avoid bankruptcy. The candle-making equipment is expected to increase the cash flows by $27,000 in the first year, $48,000 in the second year, and $69,000 a year for the following two years. Should Caroline's Candles buy the equipment at this time? Why or why not?

What are the steps to solve this using excel?