Tie following data are accumulated by Geddes Company in evaluating the purchase of $114,900 of equipment, having a four-year useful life: Net Income Year 1 Year 2 Year 3 Year 4 $44,000 27,000 13,000 (1,000) Net Cash Flow $74,000 57,000 43,000 29,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.797 0.756 0.694 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 0.747 0.621 0.567 0.497 0.402 6 0.70s 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 0.558 0.386 0.322 0.247 0.162 10 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 doilar. Present value of net cash flow Amount to be invested Net present value