Use Excel functions to find NPV Duncombe Village Golf Course is considering the purchase of new equipment that will cost $1,250,000 if purchased today and will generate the following cash disbursements and receipts. Should Duncombe pursue the investment if the cost of capital is 8 percent? Explain why or why not Duncombe should pursue the investment. Year Cash Receipts Cash Disbursements Net Cash Flow 0 $ 1,250,000 $ (1,250,000) 1 $ 950,000 $ 500,000 $ 450,000 2 $ 925,000 $ 475,000 $ 450,000 3 $ 800,000 $ 450,000 $ 350,000 4 $ 675,000 $ 430,000 $ 245,000