Net Present Value Method, Present Value Index, and Analysis United Bankshores, 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: Install Branch Computer Office System Internet Expansion Upgrade Bill-Pay $560,184 $843,416 $257,004 Amount to be invested Annual net cash flows: 251,000 158,000 Year 1 375,000 349,000 226,000 109,000 Year 2 201,000 Year 3 319,000 79,000 Present Value of $1 at Compound Interest 10% 12% 15% 20% Year 6% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.797 0.756 0.694 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 0.705 0.564 0.507 0.432 0.335