E26-24 (similar to) 3 Question Help Use the NPV method to determine whether McKnight Products should invest in the following projects: Project A: Costs $280,000 and offers seven annual net cash inflows of $57,000. McKnight Products requires an annual return of 14% on investments of this nature. Project B: Costs $375,000 and offers 9 annual net cash inflows of $76,000. McKnight Products demands an annual return of 12% on investments of this nature. 3 (Click the icon to view the Present Value of $1 table.) 3 (Click the icon to view the Present Value of Annuity of $1 table.) Read the requirements. Requirement 1. What is the NPV of each project? Assume neither project has a residual value. Round to two decimal places. (Enter any factor amounts to three decimal places, X.XXX. Use parentheses or a minus sign for a negative net present value.) Caclulate the NPV (net present value) of each project. Begin by calculating the NPV of Project A. Project A: Net Cash Present Annuity PV Factor (i=14%, n=7) Years Inflow Value 1-7 Present value of annuity O Investment Net present value of Project A