Excess Present Value Index and Average Rate of Return Swanson Corporation is evaluating five different capital expenditure proposals. The company's hurdle rate for net present value analysis is 12%. A 15% salvage value is expected from each of the investments. Information on the five proposals is as follows: Proposal Required Investment Net Present Value Avg. Annual Net Income from Investment ABCDE $53,000 83,000 $8,996 5,812 113,000 27,034 153,000 75,000 7,544 15,822 $9,100 12,000 18,300 21,500 13,960 a. Compute the excess present value index for each of the five proposals. Round answers to three decimal places. Proposal Excess PV Index ABCDE 0 0 0 0 0