The following data are accumulated by Geddes Company in evaluating the purchase of $107,500 of equipment, having a four-year useful life: Year 1 Year 2 Year 3 Year 4 Net Income $30,000 18,000 9,000 (1,000) Net Cash Flow $50,000 39,000 29,000 20,000 Present Value of $1 at Compound Interest 12% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.797 0.756 0.694 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 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 0.558 0.386 0.322 0.247 0.162 Year 6% 10% 1590 2090 2 3 4 6 7 8 10