Net present value method The following data are accumulated by Geddes Company in evaluating the purchase of $130,000 of equpment, havng a four-year useful Me: Net Income Net Cash Flow Year 1 $40,000 $72,500 Year 2 28,500 61,000 Year 3 10,500 43,000 4,000 36,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and put your answers in the questions below, Year 4 Open spreadsheet a. Assuming that the desired rate of retumis 6%, determine the net present value for the proposal. It required, round to the nearest dolor Net present value b. Would management be kely to look with favor on the proposal the net present value indicates that the return on the proposalis than the minimum desired rate of return of 6%