The following data are accumulated by Geddes Company in evaluating the purchase of $139,200 of equipment, having a four-year useful life Net Income Year 1 Year 2 Year 3 Year 4 $35,000 22,000 11,000 (1,000) Net Cash Flow $60,000 46,000 35,000 23,000 Present Value of 1 at Compound Interest Year 6% 10% 15% 20% 12% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.7970.756 0.694 0.840 0.751 0.7120.658 0.579 0.792 0.683 0.636 0.572 0.482 0.747 0.621 0.5670.497 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 10 a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal, use the table of the present value of $1 presented above. If required, round to the nearest dollar. Present value of net cash flow Amount to be invested Net present value