Speeder Blke Delivery is a small company that transports Kyber crystals between Lothal and Bespin. It operates a fleet of small transport ships that moves crystals to and from a central depot within each planet and uses a common carrier to dellver the crystals between the depots on the two planets. Speeder Bike Delivery recently acquired approximately $6.8 milion of cash capltal from its owners, and its president, Lando Calrissian, is trying to identify the most profitable way to invest these funds. Han Solo, the company's operations manager, believes that the money should be used to expand the fleet of transport ships at a cost of $760.000. He argues that more ships would enable the company to expand its services into new markets, thereby increasing the revenue base. More specifically, he expects cash inflows to increase by $290,000 per year. The additional ships are expected to have an average useful life of four years and a combined salvage value of $99,000. Operating the ships will require additional working capital of $33,000, which will be recovered at the end of the fourth year. In contrast, Luke Skywalker, the company's chief accountant, believes that the funds should be used to purchase a freighter to deliver the crystals between the depots in the two cities. The conversion process would produce continuing improvement in operating savings and reduce cash outflows as follows. The large freighters are expected to cost $840,000 and to have a four-year useful life and a $85,000 salvage value. In addition to the purchase price of the freighters, up-front pllot training costs are expected to amount to $19,000. Speeder Bike. Delivery's management has established a 14 percent deslred rate of return. (PV of \$1 and PVA of \$II) (Use oppropriate factor(s) from the tables provided.) Required Q.\&b. Determine the net present value and present value index for each investment altemative. (Round your intermediate colculations and final answers to 2 decimal places. Enter your answer in whole dollars and not in millions.)