A project has estimated annual cash flows of $95,000 for four years and is estimated to cost $260,000. Assume a minimum acceptable rate of return of 12%.  1. Determine the net present value of the project (use 3 decimal places for the PV factor) 2. Determine the present value index, rounded to two decimal places. (use 3 decimal places for the PV factor)

Financial And Managerial Accounting
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Chapter26: Capital Investment Analysis
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A project has estimated annual cash flows of $95,000 for four years and is estimated to cost $260,000. Assume a minimum acceptable rate of return of 12%. 

1. Determine the net present value of the project (use 3 decimal places for the PV factor)

2. Determine the present value index, rounded to two decimal places. (use 3 decimal places for the PV factor)

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