Use the NPV method to determine whether McKnight Products should invest in the following projects:

Project A: Costs $$295,000$ and offers seven annual net cash inflows of $$52,000.$ McKnight Products requires an annual return of $12\%$ on investments of this nature.

Project $B$ : Costs $$390,000$ and offers $9$ annual net cash inflows of $$75,000.$ McKnight Products demands an annual return of $10\%$ on investments of this nature.

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$.$

$\backslash$table$[[\backslash$table$[[$Project A:$],[$Years$]],,\backslash$table$[[$Net Cash$],[$Inflow$]],\backslash$table$[[$Annuity PV Factor$],[$