Net Present Value: The Lees are considering adding a new piece of equipment that will speed up the process of building the bobble heads. The cost of the piece of equipment is $52000. It is expected that the new piece of equipment will lead to cash flows of $17000, $23000, and $30000 over the next 3 years. If the appropriate discount rate is 8%, what is the NPV of this investment? Explain the findings.

Please provide an explanation of the findings (thorough). Also I have to show this work in excel, please provide a step by step on how to solve this problem in excel to include the formulas for the cells in excel.