Use the NPV method to determine whether Juda Products should invest in the following projects:Project A: Costs $290,000 and offers seven annual net cash inflows of $57,000. Juda Products requires an annual return of 14% on investments of this nature.Project B: Costs $395,000 and offers 10 annual net cash inflows of $70,000. Juda Products demands an annual return of 12% on investments of this nature.

Compute the IRR of each project, and use this information to identify the better investment.