Present Value Index Tasty Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the computation are as follows: Des Cedar Rapids Moines Total present value of net cash flow $848,000 $712,500 (750,000) Amount to be invested (800,000) Net present value $(37,500) $ 48,000 a. Determine the present value index for each proposal. Round your answers for the present value index to two decimal places. Des Moines Cedar Rapids Total present value of net cash flow Amount to be invested Present value index b. Which location does your analysis support? Cedar Rapids, because the net present value index is greater than 1. Feedback Check My Work a. Divide the total present value of the net cash flow by the amount to be invested. b. What does the present value index indicate about the net present value