Year 1 Year 2 Year 3 Year 4 Net Income Net Cash Flow $47,000 $87,000 21,000 61,000 13,500 (2,000) 53,500 42,000 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 below. Open spreadsheet a. Assuming that the desired rate of return is 6%, determine the net present value for the proposal. If required, round to the nearest dollar. Net present value $ 51,557 X b. Would management be likely to look with favor on the proposal? Feedback Yes, because the net present value indicates that the return on the proposal is greater rate of return of 6%. than the minimum desired E