The company has a project with a 5-year life, an initial investment of $170,000, and is expected to yield annual cash flows of $57,500. Whathat is the present value index of the project if the required rate of return is set at 6%?     Present value index = Total present value of net cash flows Initial investment Calculation Steps   Note: Round total present value of net cash flows and initial investment to nearest dollar. Round present value index to two decimal places. Present value index = $fill in the blank  = fill in the blank  $fill in the blank

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