Apple Computing a project requiring a capital expenditure or $1,500,000. The project has an estimated life of 4 years and no ape The estimated mer come and net cash flow from the project are as follows Netcome Net.Cash Flow 30.000 3361,000 305.000 550,000 49,000 $27.000 455.000 493.000 $1,980,000 $2,109,000 The company minimum desired rate of return for det present value analysis is 15%. The factors for the present value of Si at compound is for 1, 2, 3, and 4 years are 0.870, 0.756, 0.658, and 0.572, respectively Determine (a) the net present value and (b) the present value index for the project. Round to the nearest two decimal places