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Use the NPV method to determine whether McKnight Products should invest in the following projects: Project A: Costs $265,000 and offers seven annual net

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Use the NPV method to determine whether McKnight Products should invest in the following projects: Project A: Costs $265,000 and offers seven annual net cash inflows of $54,000. McKnight Products requires an annual return of 16% on investments of this nature. Project B: Costs $390,000 and offers 10 annual net cash inflows of $75,000. McKnight Products demands an annual return of 14% on investments of this nature. (Click the icon to view Present Value of $1 table.) Read the requirements. (Click the icon to view Present Value of Ordinary Annuity of $1 table.)

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