Net Present Value A project has estimated annual net cash flows of $13,750 for two years and is estimated to cost $32,500. Assume a minimum acceptable rate of return of 12%. Use the Present Value of an Annuity of $1 at Compound Interest table below. Present Value of an Annuity of $1 at Compound Interest Year 10% 12%, 1596 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.352 2.991 64.917 4.35S 4.111 3.74 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.7 4.031 10 7.360 6.145 5.650 5.019 4.192 696 Determine (1) the net present value of the project (if required, round to the nearest dollar) and (2) the present value index (rounded to two decimal places). It required, use the minus sign to indicate a negative net present value. (1) Net present value of the project (2) Present value index viouS Nest) t for Grading