Dippin' Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the computation are as follows:

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

	Mason City	Cedar Rapids
Total present value of net cash flow:	$	$
Amount to be invested:	$	$
Present value index:

b. Which location does your analysis support? SelectCedar RapidsMason CityItem 7