Robert is the financial advisor for his company and is considering the purchase of

excavation equipment which will cost $$69,000.$

The purchase of this equipment is expected to save his company $$5,793$ at the end of

every year for $15$ years.

At the end of the $15$ years, he expects the excavation equipment to have a residual

$($inflow$)$ value of $$13,400.$ The company requires a $4\mathrm{.}5\%$ rate of return.

Round $PV$ to the nearest cent. Round $NPV$ to the nearest whole number.

What is the Net Present Value $($NPV$)$ of this equipment investment?

$($If the NPV is negative, enter it as a negative number. If the NPV is zero, enter $0.)$

$NPV=$$

$($round to the nearest dollar$)$

Should this equipment purchase be made according to the NPV criterion?