QUESTION 33 Dag's Frozen Pizza has computed the net present value for capital expenditures at two locations. Relevant data are as follows: PV of cash flows Amount of Investment Net Present Value Vidor $712,000 (750,000) $(37,500) Transylvania $ 848,000 (800,000) $ 48,000 Calculate the present value index for each proposal. State which location Dag should invest in (if either one) and what is its present value index? Invest in Vidor, PVI = 0.91 Invest in neither location, PVI 0.90