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

Project A: Costs $$270,000$ and offers eight annual net cash inflows of $$53,000.$ Preston Products requires an annual return of $14\%$ on investments of this nature.

Project $B$ : Costs $$385,000$ and offers $9$ annual net cash inflows of $$73,000.$ Preston Products demands an annual return of $12\%$ on investments of this nature.

E $($Click the icon to view Present Value of $$1$ table.$)$

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$($Click the icon to view Present Value of Ordinary 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$.$

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