A project has estimated annual net cash flows of $147,000 for 4 years and is estimated to cost $475,500. Assume a minimu

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A project has estimated annual net cash flows of $147,000 for 4
years and is estimated to cost $475,500. Assume a minimum
acceptable rate of return of 10%. Use the Present
Value of an Annuity of $1 at Compound
Interest table below.
Determine (1) the net present value of the project and (2)
the present value index. If required, use the minus sign to
indicate a negative net present value.