The following data are accumulated by Geddes Company in evaluating the purchase of $120,300 of equipment, having a four-year useful life: Net Cash Flow Net Income Year 1 Year 2 Year 3 Year 4 $31,000 19,000 9,000 (1,000) $52,000 40,000 30,000 20,000 Present Value of $1 at Compound Interest 1096 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 Year 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 1296 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 7 10 a. Assuming that the desired rate of return is 12%, 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 investeg Net present value