Please help me find the Present value index for Project A and Project B

Present Value of an Annuity of $1 at Compound Interest Present Value of $1 at Compound Interest Year 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Year 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 1 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690 1.668 1.647 1.626 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0.783 0.769 0.756 2.723 2.673 2.624 2.577 2.531 2.4872 2.444 2.402 2.361 2.322 W N 2.28: 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0.658 anAWNH 3.546 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 3 0.592 0.572 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605 3.517 3.433 3.352 aup 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564 4.423 4.288 4.160 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 5.463 6.210 5.971 5.747 5.535 5.335 5.146 4.968 4.799 4.639 4.487 4 00 V 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 4.946 4.772 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 10 7.722 7.360 7.024 6.710 6.418 6.145 5.889 5.650 5.426 5.216 5.019 10 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 Part Five APPLY THE CONCEPTS: Net present value and Present value index McCall Industries is looking to invest in Project A or Project B. The data surrounding each project is provided below. Mccall's cost of capital is 8%. Project A Project B This project requires an initial investment of This project requires an initial investment of $167,500. The project will have a life of $137,500. The project will have a life of 7 years. Annual revenues associated with the years. Annual revenues associated with the project will be $130,000 and expenses project will be $111,000 and expenses associated with the project will be $35,000. associated with the project will be $60,000. Calculate the net present value and the present value index for each project using the present value tables provided below. Present Value of $1 (a single sum) at Compound Interest. Present Value of an Annuity of $1 at Compound Interest. Note: . Use a minus sign to indicate a negative NPV. . If an amount is zero, enter "0". . Enter the present value index to 2 decimals. Project A Project B Total present value of net cash flow $ 545,965 265,506 Amount to be invested 167,500 137,500 V Net present value $ 378,465 V 128,006 Present value index: Project A Project B Based upon net present value, which project has the more favorable profit prospects? Project A - v Based upon the present value index, which project is ranked higher? Project A - v