Use the NPV method to determine whether Vargas Products should invest in the following projects: - Project A. Costs $290,000 and offers seven annual net cash inflows of $56,000. Vargas Products requires an annual return of 12% on investments of this nature. - Project B. Costs $395,000 and offers 10 annual net cash inflows of $76,000. Vargas Products demands an annual return of 10% on investments of this nature (Click the icon to vlew Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Anniity of $1 table) Read the requirements Requirement 1. What is the NPV of each project? Ansume neither project has a residual value. Round to fwo decimal places. (Enter any factor amounts to three decimal places, X.XOCX Use parentheses or a mirius sign for a negative net present value.) Caclulate the NPV (net present value) of each project. Begin by calculating the NPV of Project A Calculate the NPV of Project B Requirement 2. What is the maximum acceptable price to pay for each project? Requirement 3. What is the profftability index of each project? (Round to twa decimal places, ) Select the formula, then enter the amounts to calculate the profitability index of each project Present Value of \$1 Present Value of Ordinary Annuity of $1