net present value method The following data are accumulated 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 $45,500 $83,000 Year 2 20,500 58,000 Year 3 17,000 54,500 Year 4 3,500 41,000 Assuming that the desired rate of return is 20%, determine the net present value for the proposal. If required, round to the nearest dollar.