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The net present value has been computed for Proposals P and Q. Relevant data are as follows: Proposal P Proposal Q Amount to be invested

The net present value has been computed for Proposals P and Q. Relevant data are as follows:

Proposal P Proposal Q

Amount to be invested $245000 $460000

Total present value of net cash flow 296500 425000

Determine the present value index for each proposal. Round your answers to two decimal places.

Proposal P

Proposal Q

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