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

Project A: Costs $$290,000$ and offers eight annual net cash inflows of $$57,000.$ Root Products requires an annual return of $12\%$ on investments of this nature.

Project B: Costs $$385,000$ and offers $9$ annual net cash inflows of $$76,000.$ Root Products demands an annual return of $10\%$ on investments of this nature.

$($Click the icon to view Present Value of $$1$ table.$),($Click the icon to view Present Value of Ordinary Annuity of $$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$.$

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