Swanson Corporation is evaluating five different capital expenditure proposals. The company's hurdle rate for net present value analysis is 12%. A 15% salvage value is expected from each of the investments. Information on the five proposals is as follows: Proposal Required Investment Net Present Value Avg. Annual Net Income from Investment A B C D E $46,000 76,000 $8,996 5,812 106,000 27,034 146,000 68,000 7,544 15,822 a. Compute the excess present value index for each of the five proposals. Round answers to three decimal places Proposal Excess PV Index C D b. Compute the average rate of return for each of the five proposals Round answers to one decimal place. For example, 0.4567 equals 45.7% Proposal Avg. Rate of Return $9,100 12,000 18,300 21,500 13,960