Finch Delivery is a small company that transports business pockages botween New York and Chicago. it operates a fleet of small vans that moves packages to and from a central depot within each city and uses a common carrier fo delver the packages befween the depots in the two cities. Finch Delivery recently acquired approximately 55.9 million of cash capital from its owners, and ils president. George Hay, is trying to identify the most profitable way to invest these funds. Todd Payne, the company's operations managec, believes that the monoy should be used to expand the fieet of city vans at a cost of $770,000. He argues that more vans would enable the company to expand its services into new markets, thereby increasing the revenue base. More specifically, he expects cash inflows to increase by $330.000 per year. The add $ ional vans are expected to have on average useful life of four years and a combined salvage value of $104,000. Operating the vans will require additional woriling capital of $35,000, which wil be recovered at the end of the fourth year In contrast, Osear Vance, the company's chilef accountant, betieves that the funds should be used to purchase large trucks to deliver the pockages between the depots in the two cities. The coctversion process would produce continuling improvement in operating savings and reduce cash outtiows as follows. The iarge trucks are expected to cost $850,000 and to have a four-year useful life and an $84,000 salvage value, In addition to the purchase price of the trucks, up-front traning costs are expected to amount to $15,000. Finch Deivery's management has established a 14 percent desired rate of return. (DV of 51 and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. Required a.8b. Determine the net present value and present value index for each inwestment altemative. Note; Round your intermediate calculations and final answers to 2 decimal places. Enter your answer in doilars and not in inilibas