The following data are accumulated by Paxton Company in evaluating the purchase of $88,300 of equipment, having a four-year useful life: Present Value of 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 ab. required, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value. Assuming that the desired rate of return is 20%, determine the net present value for the proposal. Use fle table of the present value of $1 pres uired, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value. Would management be likely to look with favor on the proposal? net present value indicates that the return on the proposal is than the minimum desired rate of return of 20%