Net Present Value Analysis Champion Company is considering a contract that would require an expansion its food processing capabilities. covers To provide the required products, of five years. annual net inflows would have to purchase additional equipment for s80,000. estimates the contract will provide (before taxes) of tax the equipment will be depreciated as follows: Year 1 $10,000 Year 2 20,000 Year 3 20,000 Year 4 20.000 Year 5 10,000 Although salvage value is ignored in the tax depreciation calculations Champion estimates the equipment will be sold for sto,000 after five years Assuming a 35% income tax rate and a 10% cutoff rate, compute the net present value of this contract proposal. Using net present value analysis should Champion accept the contract? Round answers to the nearest whole number. Use rounded answers for subsequent calculations Use a negative sign with net present value to indicate a negative amount. Otherwise do not use negative signs with your answers