Present Value Index Sweet Tooth Candy Company has computed the net present value for capital expenditure at two locations. Relevant data related to the computation are as follows: Carolina Total present value of net cash flow Jersey $203,840 $255,440 Less amount to be invested Net present value 208,000 $(4,160) 248,000 $7,440 a. Determine the present value index for each proposal. Round your answer for the present value index to two decimal places. Carolina Total present value of net cash flow Amount to be invested Present value index b. Which location does your analysis support? Jersey $