Use the NPV method to determine whether Smith Products should invest in the following projects Project A Costa $280,000 and offers eight annual net cash inflows of $52,000. Smith Products requires an annual return of 14% on investments of this naturo, Project B Costs $395,000 and offers 10 annual net cash inflows of $73,000. Smith Products demands an annual return of 12% on investments of this nature, Click the soon to view Present Value of $1 table.) Click the icon to view Present Value of Ordinary Annuity of S1 table.) Read the requirements Requirement 1. What is the NPV of each project? Assumo neither project has a residual value. Round to two decimal places (Enter any factor amounts to three decimal places, XXXX. Use parentheses or a minus sign for a negative not present value) Caciulate the NPV (net present value) of each project. Begin by calculating the NPV of Project A Project A Net Cash Annuity PV Factor (i=14%, n=8) Present value of annuity Investment Present Years Inflow Value 1-8 0 - X 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. Print Done