Net Present Value A project has estimated annual net cash flows of $12,500 for five years and is estimated to cost $32,500. Assume a minimum acceptable rate of return of 15%. 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 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 2 5.582 4.868 4.564 4.160 3.605 B 6.210 5.335 4.969 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 4 Determine (a) the net present value of the project and (b) 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)