A project has estimated annual net cash flows of $12,500 for 2 years and is estimated to cost $30,000. Assume a minimum acceptable rate of return of 12%. Use the Present Value of an Annuity of $1 at Compound Interest table below. Determine (a) the net present value-of the project and (b) the present value index. If required, use the minus sign to indicate a negative net present value. Net present value of the project (round to the nearest dollar) present value index (rounded to two decimal places) A project is estimated to cost $438,120 and provide annual net cash flows of $90,000 for seven years. Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Compound Interest table shown above. Average rate of return-new product Oahu Inc, is considering an investment in new equiprpent that will be used to manufacture a smartphone. The phone is expected to generate additional annual sales of 5,600 units at $213 per unit. The equipment has a cost of $468,700, resldual value of $35,300, and an 8 -year life. The eqbipment can only be used to manufacture the phone. The cost to manufacture the phone follows: Determine the average rate of return on the equipment. If required, round to the nearest whole percent. x=6