The following data are accumulated by Geddes Company in evaluating the purchase of $160,000 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $48,500 Year 2 21,500 Year 3 Year 4 10,500 2,000 $88,500 61,500 50,500 42,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Assuming that the desired rate of return is 20%, determine the net present value for the proposal. If required, round to the nearest dollar. Net present value $ b. Would management be likely to look with favor on the proposal? ' the net present value indicates that the return on the proposal is than the minimum desired rate of return of 20%.