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

Project A: Costs $275,000 and offers seven annual net cash inflows of $53,000.

Stenback Products requires an annual return of 12% on investments of this nature.

Project B: $390,000 and offers 9 annual net cash inflows of

$76,000. Stenback Products demands an annual return of

10% on investments of this nature.