The following data are accumulated by Dillon Company in evaluating the purchase of $39,600 of equipment, having a four-year useful life: Assuming that the desired rate of return is 15%, determine the net present value for the proposal. (If required, round to the nearest dollar.) Use the table of the present value of $1 presented above. Present value of net cash flow Less amount to be Invested Net present value Would management be likely to look with favor on the proposal? The net present value indicates that the return on the proposal is than the minimum desired rate of return of 15%