: The following data are accumulated by Geddes Company in evaluating the purchase of $128,000 of equipment, having a four years Net Income Net Cash Flow Year 1 $31,000 Year 2 19.000 41,000 9,000 31,000 Year 4 (1,000) 21,000 $53,000 Present Value of $1 at Compound Interest 6% 10% 12% 15% 20% 0.833 0.943 0.890 0.140 0.909 0.626 0.870 0.756 0.751 0.658 0.579 0.4R2 0.572 0.621 0.497 0.747 0.705 0.665 0.627 0.592 0.558 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.513 0.467 0376 0.327 0.284 0.247 0.402 0.335 0.279 0.233 0.194 0.162 10 0.386 a. Assuming that the desired rate of return is 10%, determine the net present value for the proposal Use the table of the present value of si presented above. If required, round to the nearest dollar. If required, use the minus to indicate a negative net present value Present value of net cash flow Amount to be invested