Net Present Value Method, Present Value Index, and Analysis First United Bank Inc. is evaluating three capital investment projects using the net present value method. Relevant data related to the projects are summarized as follows: Computer Branch ATM Office Kiosk System Expansion Upgrade Expansion Amount to be invested $879,222 $611,187 $343,068 Annual net cash flows: Year 1 416,000 300,000 183,000 Year 2 387,000 270,000 126,000 240,000 Year 3 354,000 92,000 Present Value of $1 at Compound Interest Year 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 0.797 2. 0.890 0.826 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 0.747 0.621 0.567 0.497 0.402 0.564 0.507 0.705 0.432 0.335 0.665 0.513 0.452 0.376 0.279 0.627 0.467 0.404 0.233 0.327 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 Required: 1. Assuming that the desired rate of retum is 12%, prepare a net present value analysis for each proposal. Use the present value of 51 table above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest dollar. Branch Office Computer System ATM Kiosk Upgrade Expansion Expansion Present value of net cash flow total Amount to be invested Net present value $4 2. Determine a present value index for each proposal. If required, round your answers to two decimal places. Present Value Index Branch Office Expansion Computer System Upgrade Install Internet Bill-Pay 3. Which proposal offers the largest amount of present value per dollar investment