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Net Present Valos A project has estimated annual net cash flows of $70,000 for four years and is estimated to cost $190,000, Assume a minimum

Net Present Valos A project has estimated annual net cash flows of $70,000 for four years and is estimated to cost $190,000, Assume a minimum acceptable rate of return of 10% Use the Present Value of an Annuity of $1 at Compound Interest table below. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.090 1.626 1.528 3 2.673 2:487 2.402 2.263 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4,564 4.160 3.605 BY 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 Determine (1) the net present value of the project and (2) the present value index. If required, use the minus sign to indicate a negative net present value. Net present value of the project (round to the nearest dollar) Present value index (rounded to two decimal places)image text in transcribed

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