et Present Value Method, Present Value Index, and Analysis United B ankshores, Inc. wishes to evaluate three capital investment proposals by using the net present value method. Relevant data related to the proposals are summarized as follows: Branch Office Expansion Computer System Upgrade Instal Bill-Pay $273,755 Internet Amount to be invested $709,758 $472,986 Annual net cash flows: Year 1 Year 2 Year 3 336,000 312,000 286,000 245,00o 221,000 196,000 155,000 107,000 78,000 Present Value of $1 at Compound Interest Year 6%o 0.943 0.890 12% 0.893 15% 20% 0.833 0.826 0.797 0.756 0.694 0.579 0.7920.6830.6360.5720.482 0.7470.621 0.567 0.4970.402 10% 0.909 0.870 2 3 4 5 0.751 0.658