A project has estimated annual cash flows of $100,000 for three years and is estimated to cost $225,000. Assume a minimum acceptable rate of return of 12%. Using the following tables determine the (a) net present value of the project and (b) the present value index, rounded to two decimal places. Using the following tables determine the (a) net present value of the project and (b) the present value index, rounded to two decimal places Below is a table for the present value of $1 at compound interest year 10 12 94 90 $93 89 520 S40 751 ES 634 79 74 890 820 797 3 712 840 792 747 751 683 4 5 636 621 567 Below is a table for the present value of an annuity of $1 at compound interest Year 1 2 10% 909 1.736 6% 943 1.833 2.673 3.465 4.212 129 893 1.690 2.402 3.037 3.605 3 2.48% 3.170 3.791 (a) Net present value of the projects AM N (b) The present value index, rounded to two decimal places Page 54 Next Page