Net Present Value Method The follewing ated by Geddes Company in evaluating the purchase of $150,000 of equipment, having a four-year useful life Net Income Net Cash Flow Year 1 Year 2 Year 3 Year 4 42,500 27,500 12,500 2,500 $80,000 65,000 50,000 40,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 ??? 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 0.747 0.621 056747 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 90.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 0.8900.826 0.797 0.756 a. Assuming that the desired rate of return is 1S%, determine the net present value for the proposal. (if required, round to the nearest dona) use the table of the Pnet value of $1 presented above of net rash flow