Net Present Value

A project has estimated annual net cash flows of $45,000 for five years and is estimated to cost $170,326. Assume a minimum acceptable rate of return of 12%. 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
4	3.465	3.170	3.037	2.855	2.589
5	4.212	3.791	3.605	3.352	2.991
6	4.917	4.355	4.111	3.784	3.326
7	5.582	4.868	4.564	4.160	3.605
8	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 (if required, round to the nearest dollar) and (2) the present value index (rounded to two decimal places). If required, use the minus sign to indicate a negative net present value.

(1) Net present value of the project $_________

(2) Present value index ___________

i worked out the problem but it said the answer was wrong .i know to solve it you need

1. Multiply the present value of an annuity for $1 factor for 5 years and 12% by the annual net cash flow. Subtract the amount to be invested.

2. Divide the total present value of the net cash flow by the amount to be invested.

for 1.) I got 8101 and for 2.) 9,524 but it was wrong.