1b. Compute a present value index for each project. If required, round your answers to two decimal places. Project Present Value Index Wind Turbines fill in the blank 7 Biofuel Equipment fill in the blank 8 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above. If required, round your present value factor answers to three decimal places and internal rate of return to the nearest whole percent. Line Item Description Wind Turbines Biofuel Equipment Present value factor for an annuity of $1 fill in the blank 9 fill in the blank 10 Internal rate of return fill in the blank 11 % fill in the blank 12 % 3. The net present value, present value index, and internal rate of return all indicate that the is/are a better financial opportunity compared to the , although both investments meet the minimum return criterion of 10%