Bake-Aroo, famous for their carrot cake, has decided to sell their industrial carrot shredder and create an immediate cash flow of $860. The sale of the equipment will however require that the bakery now manually shred their own carrots at a cost of $260 at the end of each year, beginning in one year, that'll continue for a total of 6 consecutive years. Calculate the NPV of this project given a required rate of return of 14%. Answer:$ Place your answer in dollars and cents. Do not include a dollar sign in your answer. If applicable, place a negative answer with a minus sign in front of the number. Work your analysis using at least least four places of accuracy. Second Best Insurance company is advertising a new product to retirees looking to invest their 401(K) retirement accumulations. The idea is this: give us, Second Best, the lump sum of $680 today and we'll then give you, the retiree, an annuity of $250 to be received at the end of each year, beginning one year from today, for 7 consecutive years. From the standpoint of the retiree, calculate the NPV of this product if the required rate of return is 9%. Place your answer in dollars and cents. Indicate any negative amounts (if applicable) with a minus sign in front of the number. Do not include a dollar sign in your answer. Work all calculations using at least 4 decimal places of accuracy