The following data are accumulated by Geddes Company in evaluating the purchase of $99,300 of equipment, having a four-year useful life Net Income Net Cash Flow $56,000 43,000 32,000 22,000 Year 1 Year 2 Year 3 Year 4 $33,000 20,000 10,000 (1,000) Present Value of $1 at Compound Interest 10% 15% 0.870 0.756 0.658 0.572 0.497 Year 6% 0.943 0.890 0.826 0.840 0.751 20% 0.833 0.694 0.579 0.482 0.402 0.705 0.564 0.507 0.432 0.335 0.279 0.233 0.194 0.162 1296 43 0.909 0.893 0.797 0.712 .792 o.683 0.636 0.567 4 0.747 0.621 6 0.376 0.665 0.627 0.592 0.424 0.361 0.284 0.558 0.5 13 0.452 8 0.467 0.404 0.327 0.386 10 0.322 0.247 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 Present value of net cash flow Amount to be invested Net present value