The following data are accumulated by Geddes Company in evaluating the purchase of $101,600 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $30,000 $51,000 Year 2 18,000 39,000 Year 3 9,000 30,000 Year 4 (1,000) 20,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 1 2 0.890 0.826 0.797 0.756 0.694 3 0.751 0.712 0.658 0.579 0.840 0.792 4 0.683 0.636 0.572 0.497 5 0.621 0.567 0.747 0.705 0.482 0.402 0.335 0.564 0.507 0.432 0.665 0.513 0.452 0.376 0.279 0.233 0.627 0.467 0.404 0.327 9 0.592 0.424 0.361 0.194 10 0.284 0.247 0.558 0.386 0.322 0.162 a. Assuming that the desired rate of return is 6%, 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. If required, use the minus sign to indicate a negative net present value Present value of net cash flow Amount to be invested Net present value