lemon X ACT204 Spring 2020 Test 3 Final + 8.google.com/document/d/1sSisuEFdRdJYCnt6|V8A2S E5BZYZOL.me5-2VmRT 70/edit ng 2020 Test 3 Final OD Insert Format Tools Add-ons Help All changes saved in Drive 100% - Normal text - Calibri 11 - BI VA A. IE EE-EEX 7 7. Hanover Industries is evaluating an investment in new computer system with a cost of $80,000 and a useful life of four years with no salvage value. The company's desired rate of return is 12 percent. The computer system is expected to generate the following net cash inflows for each of the next four years Year 1 Year 2 $15,000 $25.000 $30.000 $32,000 Year 3 Required: a. Determine the net present value of the investment in the new computer system b. Should Hanover Industries invest in the new computer system? Why or why not