Net present value method The following data are accumulated by Geddes Company in evaluating the purchase of $150.000 of equipment, having a four-year uselul life: Net Income Net Cash Flow Year 2 Year 3 $42,500 27.500 12,500 2.500 $80.000 65.000 50.000 40.000 Assuming that the desired rate of return is 15%, determine the net present value for the proposal