Use the NPV method to determine whether SeaDee Products should invest in the following projects: Project A: Costs $280,000 and offers 8 annual net cash inflows of $52,000. SeaDee Products requires an annual return of 12% on investments of this nature. Project B: Costs $360,000 and offers 10 annual net cash inflows of $71,000. SeaDee Products demands an annual return of 10% on investments of this nature. Read the requirements. View Present Value table Present Value of Ordinary Annuity of $1 table. 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. Project A: Years 1-8 Present value of annuity 0 Investment Net present value of Project A Net Cash Annuity PV Factor Inflow (i=12%, n=8) Present Value