Question: Net present value OBJ. 3 A project has estimated annual net cash flows of $96,200 for four years and is estimated to cost $315,500. Assume

Net present value OBJ. 3 A project has estimated annual net cash flows of $96,200 for four years and is estimated to cost $315,500. Assume a minimum acceptable rate of return of 10%. Using Exhibit 5, determine (1) the net present value of the project and (2) the present value index, rounded to two decimal places.

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