A project has estimated annual net cash flows of $96,200 for four years and is estimated to

Question:

A project has estimated annual net cash flows of $96,200 for four years and is estimated to cost $315,500. Assume a minimum acceptable rate of return of 10%. Using Exhibit 5, determine
Exhibit 5: Partial Present Value of an Table

(1) The net present value of the project and
(2) The present value index, rounded to two decimal places?

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