See NPV - E12-33 Daily Activity Use the present value tables on pages 670 & 671 Exhibits 12B.1 & 12B.2 $ (a) K & M Sales Calculated the NPV of a project and found it to be: The project's life was estimated to be: The required rate of return used for the NPV calculation was: The project was expected to produce annual after-tax cash flows of: 34,750 8 years 14% 108,600 $ What was the required investment for K & M Sales? (Round to the nearest dollar) (b) $ H&Q Sales Calculated the NPV of a project and found it to be: The project's life was estimated to be: The required rate of return used for the NPV calculation was: The required investment used for the project was: 42,550 6 years 12% 580,000 $ What was the expected annual cash flow for H&Q Sales? (Round to the nearest dollar)