(Present Value Tables Are Needed - Sommer Corporation's Hurdle Rate Is 12

(Present value tables are needed.) Sommer Corporation is deciding whether to automate one phase of its production process.The equipment has a six-year life and will cost $410,000.Projected net cash inflows from the equipment are as follows: $$\begin{array} { | c | r | } \hline \text { Year 1 } & \$ 115,000 \\\hline \text { Year } \mathbf { 2 } & \$ 100,000 \\\hline \text { Year } 3 & \$ 110,000 \\\hline \text { Year 4 } & \$ 100,000 \\\hline \text { Year } 5 & \$ 95,000 \\\hline \text { Year } 6 & \$ 90,000 \\\hline\end{array}$$
- Sommer Corporation's hurdle rate is 12%.Assume the residual value is zero.
What is the net present value of the equipment?

A) $(13,810)
B) $2,302
C) $13,810
D) $15,000