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Net Present Value Method The following data are accumulated by Paxton Company in evaluating the purchase of $113,600 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $35,000 $59,000 Year 2 21,000 45,000 Year 3 10,000 34,000 Year 4 (1,000) 23,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 N 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 0.665 0.513 0.452 0.376 0.279 0.627 0.467 0.404 0.327 0.233 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162> a. Assuming that the desired rate of return is 15%. determine the net present value for the proposal. Use the table of the present value of $1 pmented above. If required, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value. Present value of net cash ow Amount to be invested Net present value M b. Would management be likely to look with favor on the proposal? v The net present value indicates that the return on the proposal is V than the minimum desired rate of return of 15%