A project has estimated annual net cash flows of $13,750

Net Present Value 12% , Use the Present Value of an Annuity of $1 Compound Interest table below. A project has estimated annual net cash flows of $13.750 for two vears and is estimated to cost $47,500, Assume a minimum acceptable rate of return o Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 1.833 1.736 1.690 1.626 1.528 2.106 2.673 2.487 2.402 2.283 3.465 3.170 3.037 2.855 2,589 4 4.212 3.791 3.605 3.352 2,991 4.917 4.355 4.111 3.784 3.326 5.582 4.868 4.564 4.160 3.605 6.210 5335 4.968 4.487 3.837 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 Determine (1) the net present value of the project (if required, round the nearest dollar) and (2) the present value index (rounded to two decimal places). If required, use the minus sign to indicate a negative net present value. (1) Net present value- the project (2) Present value index