The net present value has been computed for Proposals P and Q. Relevant data are as follows: 
Determine the present value index for each proposal. Round your answers to two decimal places.
Definitions:
Demand Note
A type of loan agreement where the loan can be called for repayment by the lender at any time.
Maximum Amount
The highest possible quantity or value that can be reached or allowed.
Commercial Banks
Financial institutions that provide various financial services, including deposit accounts, loans, and currency exchange.
Credit Market
A financial market where borrowers can obtain funds from investors, encompassing all transactions involving lending and borrowing.
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