The following data are accumulated by Geddes Company in evaluating the purchase of $99,500 of equipment, having a four year useful life Net Income Net Cash Flow Year 1 Year 2 Year 3 $32,000 $54,000 20,000 42.000 9,000 31,000 (1,000) 21,000 Present Value of $1 at Compound interest 6% 109 129 1596 207 Year 4 Year 1 0.893 0.833 0.943 0.090 0.900 0.826 0.870 0.756 2 0.797 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.636 0.572 0.482 0.683 0.621 S 0.747 0.567 0.497 0.402 6 0.705 0.564 0.502 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.24 0.194 0.361 0.322 10 0.550 0.386 0.247 0.162 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 Present value of net cash flow Amount to be invested Net present value