R Less amount to be invested Net present value het cash flows Radio Station TV Station $ 1.04 538,900 -485,350 53,550 1b. Compute a present value index for each project. If required, round your answers to two decimal places. Present Value Index 1.11 982,700 TV Station % -941,470 < 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above. If required, round your present value factor answers to three decimal places and internal rate of return to the nearest whole percent. Radio Station 41,230 % Present value factor for an annuity of $1 Internal rate of return 3. The net present value, present value index, and internal rate of return all indicate that the radio station tv station , although both investments meet the minimum return criterion of 10%. is a better financial opportunity compared to the