Use the NPV method to determine whether McKnight Products should invest in the following projects: Project A: Costs $280,000 and offers eight annual net cash inflows of $54,000. McKnight Products requires an annual return of 14% on investments of this nature. Project B: Costs $400,000 and offers 10 annual net cash inflows of $74,000. McKnight Products demands an annual return of 12% on investments of this nature. Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements Project A: Years Net Cash Present Inflow Annuity PV Factor (i=14%, n=8) 4.639 Value 250506 1 - 8 Present value of annuity 54000 0 Investment -280000 Net present value of Project A -29494 Calculate the NPV of Project B. Net Cash Project B: Years 1 - 10 Present value of annuity Annuity PV Factor (i=12%, n=10) 5.650 Present Value Inflow 74000 418100 -400000 0 Investment Net present value of Project B 18100 Requirement 2. What is the maximum acceptable price to pay for each project? Maximum Acceptable Price Project A Project B Requirement 3. What is the profitability index of each project? (Round to two decimal places, X.XX.) Select the formula, then enter the amounts to calculate the profitability index of each project = Profitability Index = Project A Project B = Choose from any list or enter any number in the input fields and then continue to the next