The following data are accumulated by Geddes Company in evaluating the purchase of $117,000 of equipment, having a four-year useful life: \begin{tabular}{ccc} & Net Income & Net Cash Flow \\ \hline Year 1 & $30,000 & $50,000 \\ Year 2 & 18,000 & 39,000 \\ Year 3 & 9,000 & 29,000 \\ Year 4 & (1,000) & 20,000 \end{tabular} Present Value of $1 at Compound Interest \begin{tabular}{clllll} \hline Year & 6% & 10% & 12% & 15% & 20% \\ \hline 1 & 0.943 & 0.909 & 0.893 & 0.870 & 0.833 \\ 2 & 0.890 & 0.826 & 0.797 & 0.756 & 0.694 \\ \hline 3 & 0.840 & 0.751 & 0.712 & 0.658 & 0.579 \\ \hline 4 & 0.792 & 0.683 & 0.636 & 0.572 & 0.482 \\ 5 & 0.747 & 0.621 & 0.567 & 0.497 & 0.402 \\ \hline 6 & 0.705 & 0.564 & 0.507 & 0.432 & 0.335 \\ 7 & 0.665 & 0.513 & 0.452 & 0.376 & 0.279 \\ 8 & 0.627 & 0.467 & 0.404 & 0.327 & 0.233 \\ 9 & 0.592 & 0.424 & 0.361 & 0.284 & 0.194 \\ 10 & 0.558 & 0.386 & 0.322 & 0.247 & 0.162 \end{tabular} a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. Use the table of the present vilue of s1 presented above. If required, round to the nearest coliaf. 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%