sent value index for each project using the present value tables provided below.

Present Value of $1 at Compound Interest \begin{tabular}{c|ccccccccccc} Year & 5% & 6% & 7% & 8% & 9% & 10% & 11% & 12% & 13% & 14% & 15% \\ \hline 1 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 & 0.901 & 0.893 & 0.885 & 0.877 & 0.870 \\ 2 & 0.907 & 0.890 & 0.873 & 0.857 & 0.842 & 0.826 & 0.812 & 0.797 & 0.783 & 0.769 & 0.756 \\ 3 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 & 0.751 & 0.731 & 0.712 & 0.693 & 0.675 & 0.658 \\ 4 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 & 0.683 & 0.659 & 0.636 & 0.613 & 0.592 & 0.572 \\ 5 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 & 0.621 & 0.593 & 0.567 & 0.543 & 0.519 & 0.497 \\ 6 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 & 0.564 & 0.535 & 0.507 & 0.480 & 0.456 & 0.432 \\ 7 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 & 0.513 & 0.482 & 0.452 & 0.425 & 0.400 & 0.376 \\ 8 & 0.677 & 0.627 & 0.582 & 0.540 & 0.502 & 0.467 & 0.434 & 0.404 & 0.376 & 0.351 & 0.327 \\ 9 & 0.645 & 0.592 & 0.544 & 0.500 & 0.460 & 0.424 & 0.391 & 0.361 & 0.333 & 0.308 & 0.284 \\ 10 & 0.614 & 0.558 & 0.508 & 0.463 & 0.422 & 0.386 & 0.352 & 0.322 & 0.295 & 0.270 & 0.247 \end{tabular} Part Five APPLY THE CONCEPTS: Net present value and Present value index Calculate the net present value and the present value index for each project using the present value tables provided below. Present Value of $1 (a single sum) at Compound Interest. Present Value of an Annuity of $1 at Compound Interest. Note: - Use a minus sign to indicate a negative NPV. - If an amount is zero, enter " 0 ". - Enter the present value index to 2 decimals. Based upon net present value, which project has the more favorable profit prospects? Based upon the present value index, which project is ranked higher