Le the NPV method is determine whether McKnight Products should invest in the towing proch Project A Cost $295,000 and offers seven annual net cach inflows of $56,000 Monight Products requires an atom of 12% on vents of the Project Cods $300,000 and offer 10 annual net cash info 1575.000 Mcknight Products demands an annual retum of 10% on investments of this nature (Cack the icon to view Presend Value of $1 tate (Cick the icon to view Present Value of Ordinary Armuty of $1 t Read the resuments Requirement 1. What is the NV of each pengect? Assume nether project has a residual value Round to two decimal place (Eor any tador amounts to three decim plion XXX Use paiga prem value) Caculate the NPV (net present value) of each project. Begin by calculating the NPV of ProjectA Project A Years 1-7 Present value of annuty 0 Investment t present value of ProyedA Calculate the NPV of Project B Project B Years Net Cash Infow Annuity PV Factor 0-12-7) Present Value inflow Net Cash Annuity PV Factor -10%-10 Present Value Time Remaining 503