The following data are accumulated by Geddes Company in evaluating the purchase of $150,000 of equipment, having a four-year useful life: Net Income Net Cash Flow ear 1 Year 2 Year 3 ear 4 42,500 27,500 12,500 2,500 80,000 65,000 50,000 40,000 Present Value of $1 at Compound Interest 12% 15% 0.943 0.909 0.893 0.870 0.890 0.826 0.797 0.756 Year 10% 20% 0.833 0.694 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 0.747.621 0.567 0.4970.402 0.705 0.564 0.507 .432 0.335 0.665 0.513 0.452 0.376 0.279 0.627 .47 .404 0.327 0.233 0.592 0.424 0.361 .2840.194 0.558 0.386 0.322 0.2470.162 6% 10 a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. (If required, round to the nearest dollar) Use the table of the present value of $1 presented above. Present value of net cash flow Amount to be invested Net present value b. Would management be likely to look with favor on the proposal? because the net present value indicates that the return on the proposal is ? than the minimum desired rate of return of 15%