Net Present Value Method The following data are accumulated by Lingle Company in evaluating the purchase of \\( \\$ 97,400 \\) of equipment, having a \\( 4-y e a r \\) useful life: Dracant Maliua of \\( \\& 1 \\) at romnnind Tntaract a. Assuming that the desired rate of retum is \20, determine the net present value for the proposal. Use the table of the present value of \\( \\$ 1 \\) p b. Would management be likely to look with favor on the proposal? The net present value indicates that the return on the proposal is than the minimum desired rate of return of \20