Question 21 (2 points) A project has estimated annual cash flows of 595,000 for four years and is estimated to cost $260,000. Assume a minimum acceptable rate of retum of 12%. Using the following tables determine the (s) net present value of the project and (b) the present value index, rounded to two decimal places Below is a table for the present value of $1 at compound interest. Year 1 2 3 6% .943 .890 .840 .792 .747 10% .909 .826 .751 4683 .621 12% .893 -797 .712 .636 .567 5 Below is a table for the present value of an annuity of $1 at compound interest. Year 1 2 3 6% .943 1.833 2.673 3.465 4.212 10% .909 1.736 2.487 3.170 3.791 12% .893 1.690 2.402 3.037 3.605 Format BI U HI IHI iili