Present value index Tasty Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the computation are as follows: Des Moines Cedar Rapids Total present value of net cash flow $321,300 $342,160 Amount to be invested (306,000) (364,000) Net present value $15,300 $(21,840) a. Determine the present value index for each proposal. Round your answers for the present value index to two decimal places.