The company has a project with a 5-year life, an initial investment of $170,000, and is expected to yield annual cash flows of $56,500. Whathat is the present value index of the project if the required rate of return is set at 10%? Total present value of net cash flows Present value Index Initial Investment Calculation Steps Note: Round total present value of net cash flows and initial investment to nearest dollar. Round present value index to two decimal places. Present value index 170,000