Net Present Value Method, Internal Rate of Return Method, and Analysis The management of Quest Media Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: Present Value of an Annuity of $1 at Compound Interest The radio station requires an investment of $1,035,600, while the TV station requires an investment of $2,284,000. No residual value is expected from either project. Required: required, round to the nearest whole dollar. 1b. Compute a present value index for each project. If required, round your answers to two decimal places