Evergreen Security Bank, Inc, wishes to evaluate three capital investment projects by using the net present value method. Relevant data related to the projects are summarized as follows 1. Install Internet Bill Pay Branch Office Expansion Computer System Upgrade $650,000 360,000 Amount to be invested $425,000 Annual Net Cash Flows 230,000 210,000 $170,000 $325,000 $300,000 $290,000 175,000 $155,000 $120,000 Year 1 Year 2 Year 3 Instructions Assuming that the desired rate of return is 15%, prepare a net present value analysis for each project. a. b. Determine a present value index for each project. (Round to two decimal places.) c Which project offers the largest amount of present value per dollar of investment? Explain