Uib the NFV method to determine whether Mekright Products should invest in the following projects: - Project A: Costs $290,000 and oflers seven annual net cash inflows of $53,000. Moknight Products requices an annual refum of 14% on investments of this nature. - Project 8 : Cost $385,000 and offers 10 annual net cash intiown of $74,000. Mcknight Products demands an annual retum of 12% (Click the voon to view Present Value of 51 table.) (Cick the icon lo view Present Value of Cidinary Annuty of St tatie.) Road the fequiromerts. Requirement 1. What is the NPY of each project? Assume noither project has a residual value. Round to two decimal pleces. (Enter any foctor amounts to three decimbl placen. XXx.X. Use parestheses or a minus sign for a negative net present value.) Cactulate the NPY (net present value) of each project. Begin by calculatine the NPV of Proinct A Requirement 2. What is the maximum acceptable price to pay for each project? Requirement 3. What is the profitability index of each project? (Round to two decimal places, Xx.) Select the formula, then enter the amounts to calculate the profitability index of each project. Requirements 1. What is the NPV of each project? Assume neither project has a residual value. Round to two decimal places. 2. What is the maximum acceptable price to pay for each project? 3. What is the profitability index of each project? Round to two decimal places. for each project? Average amount invested Average annual operating income Project B Requiremen Requiremen Select the for (Round to two decimal places, X.XX.) itability index of each project. Project A Project B to three decimal places to three doc