Susie Reed, owner of the Wild Life, an amusement park, is

contemplating purchasing a new roller coaster$/$water combination

rider for $$1,500,000.$ She has determined that it would increase

park revenues by $$300,000$ a year because of its originality, but it

will cost approximately $$70,000$ a year to operate.Assume a $15$ percent discount rate and a ten year life for the

equipment.$$Required:Use the NPV model to determine if the equipment should be

purchased.