The following data are accumulated by Waiola Company in evaluating the purchase of $$200,000$ of equipment, having a $4-$year useful life:$$Net IncomeNet Cash FlowYear $1$$$30,000$$$80,000$Year $225,00075,000$Year $315,00065,000$Year $410,00060,000$a$$Assuming that the desired rate of return is $15\%,$ determine the net present value for the proposal. Use the present value table appearing in Exhibit $2$ of this chapter. SHOW ANSWER$$b$$