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 $58,000 $8,996 $9,100 88,000 5,812 12,000 118,000 27,034 18,300 158,000 7,544 21,500 80,000 15,822 13,960 B D E a. Compute the excess present value index for each of the five proposals. Round answers to three decimal places. Proposal Excess PV Index A 0 B 0