Time Creations purchased new equipment with a cost of $215,000. This equipment is expected to last 5 years and generate the following net cash inflows:

Yr 1 $80,000

Yr 2 $60,000

Yr 3 $60,000

Yr 4 $30,000

Yr 5 $20,000

The equipment has an expected resale value of $40,000 at the end of the 5 years. The company has a required rate of return of 12% on all investments.

What is the net present value of the new equipment? AND, was this an advisable investment?