RejuveNation needs to estimate how long the payback period would be for their new facility project. They have received two proposals and need to decide which one is best. Project Weights will have an initial investment of $200,000 and generate positive cash flows of $100,000 at the end of year 1, $75,000 at the end of year 2, $50,000 at the end of year 3, and $100,000 at the end of year 4. Project Waters will have an initial investment of $300,000 and will generate positive cash flows of $200,000 at the end of year 1 and $150,000 at the end of years 2, 3, and 4.

Calculate the NPV of each project using RejuveNation's cash flows and an 8 percent discount rate.