ULU The following data are accumulated by Geddes Company in evaluating the purchase of $130,000 of equipment, having a four year useful for Net Income Net Cash Flow Year 1 $43,000 $75.500 Year 2 29,000 61,500 Year 17,000 49,500 Year 4 3,000 35,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions bele Open spreadsheet a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. If required, round to the nearest dollar Net present value b. Would management be likely to look with favor on the proposal? Yes the net present value indicates that the return on the proposal is greater than the minimum desired rate of return of 15%