Apple Corp. is evaluating a project requiring a capital expenditure of $1, 700,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year Net Income Net Cash Flow 1 $ 640,000 $680,000 2 585,000 642,000 3 540,000 575,000 4 506,000 546.000 $2,271,000 $2,443,000 The company's minimum desired rate of return for net present value analysis is 15%. The factors for the present value of $1 at compound interest of 15% 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. Edit Format Table 12pt Paragraph BIUALT V ... LG