Montana Grill has computed the net present value for capital expenditures for the Billings and Great Falls locations using the net present value method. Relevant data related to the computation are as follows:

	Billings	Great Falls
Total present value of net cash flow	$182,360		$232,960
Amount to be invested	188,000		224,000

a. Determine the present value index for each proposal. Round to two decimal places.

	Present Value Index
Billings Location	fill in the blank 1
Great Falls Location	fill in the blank 2

b. If Montana Grill can fund only one location, which location should be funded?

Great FallsBillingsGreat Falls