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A project has estimated annual cash flows of $90,000 for 3 years and is estimated to cost $250,000. Assume a minimum acceptable rate of return

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A project has estimated annual cash flows of $90,000 for 3 years and is estimated to cost $250,000. Assume a minimum acceptable rate of return of 10% Below is a table for the present value of $1 at compound interest. Year 6% 12% 10% 0.909 1 0.943 2 0.826 0.751 3 0.890 0.840 0.792 0.747 0.893 0.797 0.712 0.636 0.567 4 0.683 0.621 5 Below is a table for the present value of an annulty of $1 at compound interest Year 6% 10% 12% 1 0.943 0.893 1.690 2 0.909 1.736 2.487 1.833 3 2.402 4 2.673 3.465 4.212 3.170 3.791 3.037 3.605 5 Use the tables above. a. Determine the net present value of the project. Enter negative values as negative numbers. b. Determine the present value index. Round your answer to two decimal places

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