Net present value method The following data are accumulated by Geddes Company in evaluating the purchase of $120,000 of equipment, having a four-year useful life:

Net Income Net Cash Flow

Year 1 $50,000 $80,000

Year 2 28,000 58,000

Year 3 18,000 48,000

Year 4 7,000 37,000

This information has been collected in the Microsoft Excel Online file.

a. Assuming that the desired rate of return is 20%, determine the net present value for the proposal. If required, round to the nearest dollar.

Net present value $ ________________________