Net Present Value Method, Present Value Index, and Analysis First United Bank Inc. is evaluating three capital investment projects using the net present value method. Relevant data related to the projects are summarized as follows: Branch Computer ATM Office System Kiosk Expansion Upgrade Expansion Amount to be invested $1,021,439 $569,082 $327,092 Annual net cash flows: Year 1 419,000 390,000 293,000 264,000 180,000 124,000 Year 2 Year 3 356,000 234,000 90,000 Year 1 2 Present Value of $1 at Compound Interest 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.797 0.756 0.694 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 0.747 0.621 0.567 0.497 0.402 3 4 5 6 0.705 0.564 0.507 0.432 0.335 0.279 7 0.665 0.513 0.452 0.376 8 0.627 0.467 0.404 0.233 0.327 0.284 9 0.592 0.424 0.361 0.194 10 0.558 0.386 0.322 0.247 0.162 Required: 1. Assuming that the desired rate of return is 10%, prepare a net present value analysis for each proposal. Use the present value of $1 table above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest dollar. Branch Office Computer System ATM Kiosk Expansion Upgrade Expansion Present value of net cash flow total Amount to be invested Net present value 2. Determine a present value index for each proposal. If required, round your answers to two decimal places. Present Value Index Branch Office Expansion Computer System Upgrade Install Internet Bill-Pay 3. Which proposal offers the largest amount of present value per dollar of investment