The following data are accumulated by Geddes Company in evaluating the purchase of $177,900 of equipment, having a four-year useful life:

Net IncomeNet Cash FlowYear 1$41,000$70,000Year 225,00054,000Year 312,00041,000Year 4(1,000)27,000Present Value of $1 at Compound InterestYear6%10%12%15%20%10.9430.9090.8930.8700.83320.8900.8260.7970.7560.69430.8400.7510.7120.6580.57940.7920.6830.6360.5720.48250.7470.6210.5670.4970.40260.7050.5640.5070.4320.33570.6650.5130.4520.3760.27980.6270.4670.4040.3270.23390.5920.4240.3610.2840.194100.5580.3860.3220.2470.162

a.Assuming that the desired rate of return is 10%, 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$