Net present value

A project has estimated annual net cash flows of $$11,250$ for $2$ years and is estimated to cost $$32,500.$ Assume a minimum acceptable rate of return of $6\%.$ Use

Present Value of an Annuity of $$1$ at Compound Interest table below.

Determine $($a$)$ the net present value of the project and $($b$)$ the present value index. If required, use the minus sign to indicate a negative net present value.

Net present value of the project $($round to the nearest dollar$)$

$

Present value index $($rounded to two decimal places$)$