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A project has estimated annual net cash flows of $13,750 for 6 years and is estimated to cost $32,500. Assume a minimum acceptable rate of

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A project has estimated annual net cash flows of $13,750 for 6 years and is estimated to cost $32,500. Assume a minimum acceptable rate of return of 204 . Use the Present Value of an Annuity of $1 at Compound Interest table below. Dresent Value of an Annuite of e1 at Camneund Tentareot Determine (a) the net present volue of the project and (b) the prebent 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 yalue index (rounded to two decimal places)

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