Net Present Value Method The following data are accumulated by Waiola Company in evaluating the purchase of $140,000 of equipment, having a 4-year useful life: Year Net Income Net Cash Flow Year 1 $44,000 $79,000 Year 2 27,500 62,500 Year 3 16,000 51,000 Year 4 (3,500) 38,500 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. a. Assuming that the desired rate of return is 20%, determine the net present value for the proposal. If required, round to the nearest dollar.