IMO, Inc., is analyzing whether to convert to solar power for its office electricity needs. The cost of the transition is $50,000 today. The company believes that it will net $1,200 a month for the next 5 years if it switches over. Its required rate of return is 10%

What is the NPV of the investment?

Should IMO purchase the system? Why?

Please show how you got the answer to the steps. I have the final answer but I do not know how that answer was achieved. Thank you!