Matt is the financial advisor for his company and is considering the purchase of excavation equipment which will cost $78,000. The purchase of this equipment is expected to save his company $8,938 at the end of every year for 9 years. At the end of the 9 years, he expects the excavation equipment to have a residual (inflow) value of $19,900. The company requires a 4.6% rate of return. Round PV to the nearest cent. Round NPV to the nearest whole number. 1) What is the Net Present Value (NPV) of this equipment investment? Cash Inflows P/Y = C/Y = N = I/Y = % PMT = $ FV = $ PV = $ (If the NPV is negative, enter it as a negative number. If the NPV is zero, enter 0.) NPV = $ (round to the nearest dollar) 2) Should this equipment purchase be made according to the NPV criterion