Net present value method The following data are accumulated by Geddes Company in evaluating the purchase of $120,000 or equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $44,500 574,500 Year 2 26,500 56,500 Year 3 15,500 45,500 Year 4 3,500 33,500 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 below. X Open spreadsheet a. Assuming that the desired rate of return is 12%, determine the net present value for the proposal. If required, round to the nearest dollar Net present value