The following data are accumulated by Geddes Company in evaluating the purchase of 5108,700 of equipment, having a fou useful life: Present Value of $1 at Compound Interest a. Assuming that the desired rate of return is 20%, 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. If required, use the minus sign to indicate a negative net present value. be likely to look with favor on the proposal? because the not present value indicates that the return on the proposal is