Net Present Value Analysis Champion Company is considering a contract that would require an expansion of its food processing capabilities. The contract covers five years. To annual the required products, Champion would have to purchase additional equipment for s80,000. estimates the contract will provide net inflows (before s35,000. For purposes, the equipment will be depreciated as follows: Year 1 $10,000 Year 2 20.000 Year 3 20,000 Year 20.000 Year 5 10,000 Although salvage value is ignored in the tax depreciation calculations Champion estimates the equipment willbe sold for s10000 after five years. Assuming a 35% income tax rate and a 10% cutoff rate, compute the net present value ofthis contract proposal. Using net present value analysis, should Champion accept the contract? Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Use a negative sign with net present value to indicate a negative amount. Otherwise do not use negative signs with your answers