Net Present Value A project has estimated annual net cash flows of $8,750 for one years and is estimated to cost $37.500. 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 1.690 1.626 1.528 2.673 2.187 2.402 2.283 22106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.795 3.605 3.353 2.991 6 4.917 4.35 4.111 3.785 3.325 7 5.582 4868 4564 4.160 3.605 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4,033 10 7360 6.145 5.650 5.019 4.192 Determine the net present value of the project and (b) the rest van de required, use the minus sont indicate a negative net presenta Net present value of the project (round to the nearest dollar) Present value Index (rounded to two decimal places)