Please calculate NPV of Project A and Project B

Use the NPV method to determine whether Saloon Products should invest in the following projects Project A costs $285,000 and offers eight annual net cash inflows of 65,000. Saloon Products requires an annual return of 16% on projects such as this one. Project B costs $375,000 and offers nine annual net cash inflows of $70,000. Saloon Products demands an annual retum of 12% on investments of this nature. Requirement 1. What is the NPV of each project? What is the maximum acceptable price to pay for each project? (Click the icon to view the present value annuity table.) (Click the icon to view the present value table.) (Click the icon to view the future value annuity table.) (Click the icon to view the future value table.) Calculate the NPV of each project. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.) The NPV of Project Als $ I Data table Present Value of Annuity of $1 Period 10% 12% 14% 16% 1 0.909 0.893 0.877 0.862 2 1.736 1.690 1.647 1.605 3 2.487 2.402 2.322 2.246 4 3.170 3.037 2.914 2.798 5 3.791 3.605 3.433 3.274 6 4.355 4.111 3.889 3.685 7 4.868 4.564 4.288 4.039 8 5.335 4.968 4.639 4.344 9 5.759 5.328 4.946 4.607 10 6.145 5.650 5.216 4.833 Data table Present Value of $1 Periods 10% 12% 14% 16% 1 0.909 0.893 0.877 0.862 2 2 0.826 0.797 0.769 0.743 3 0.751 0.712 0.675 0.641 4 0.683 0.636 0.592 0.552 5 0.621 0.567 0.519 0.476 6 0.564 0.507 0.456 0.410 7 0.513 0.452 0.400 0.354 8 8 0.467 0.404 0.351 0.305 9 0.424 0.361 0.308 0.263 10 0.386 0.322 0.270 0.227 Data table Future Value of $1 Period 10% 12% 14% 16% 1 1.100 1.120 1.140 1.160 2 1.210 1.254 1.300 1.346 3 1.331 1.405 1.482 1.561 4 1.464 1.574 1.689 1.811 5 1.611 1.762 1.925 2.100 6 1.772 1.974 2.195 2.436 7 1.949 2.211 2.502 2.826 8 2.144 2.476 2.853 3.278 9 2.358 2.773 3.252 3.803 10 2.594 3.106 3.707 4.411 Data table Future Value of Annuity of $1 Period 10% 12% 14% 16% 1 1.000 1.000 1.000 1.000 N 2 2.100 2.120 2.140 2.160 3.310 3.374 3.440 3.506 3 4 4.641 4.779 4.921 5.066 5 6.105 6.353 6.610 6.877 6 7.716 8.115 8.536 8.977 7 9.487 10.089 10.730 11.414 8 11.436 12.300 13.233 14.240 9 13.579 14.776 16.085 17.519 10 15.937 17.549 19.337 21.321