Net Present Value A project has ettimated annual net cash flows of $8,750 for seven years and is estimated to cost $32,500. 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 6.909 0.893 0.570 0.833 2 1.033 1.736 1.090 1.626 1.528 2.673 2.437 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 4.912 4.355 3.705 7 4.163 1.564 4.160 3.605 0.210 5.335 4.960 4.407 3.037 9 6.102 5.30 4.772 4,031 10 7.300 6.145 5.650 5.019 4.192 Determine (a) thanat present value of the project and (b) the present value index. If required, use the mission to indicate a negative net present value Net present value of the project round to the nearest dollar) Presente index (rounded to two decimal places)