Use the NPV method to determine whether KayElle Products should invest in the following projects:

Project A: Costs $$300,000$ and offers $8$ annual net cash inflows of $$62,000.$ KayElle Products requires an annual return of $16\%$ on investments of this nature.

Project B: Costs $$350,000$ and offers $9$ annual net cash inflows of $$76,000.$ KayElle Products demands an annual return of $14\%$ on investments of this nature.

Read the requirements.

View Present Value of $$1$ table.

Present Value of Ordinary Annuity of $$1$ table.

Requirement $1.$ What is the NPV of each project? Assume neither project has a residual value. Round to two decimal places. $($Enter any factor amounts to three decimal places, ; parentheses or a minus sign for a negative net present value.$)$

Caclulate the NPV $($net present value$)$ of each project. Begin by calculating the NPV of Project A$.$

$\backslash$table$[[\backslash$table$[[$Project A:$],[$Years$]],\backslash$table$[[$Net Cash$],[$Inflow$]],\backslash$table$[[$Annuity PV Factor$],[)=16\%,n=(8$