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

Project A costs $290,000 and offers seven annual net cash inflows of $65,000. ReadyPost Products requires an annual return of 14% on projects like A.

Project B costs $390,000 and offers nine annual net cash inflows of $68,000. ReadyPost Products demands an annual return of 12% on investments of this nature.

Requirement

What is the NPV of each project? What is the maximum acceptable price to pay for each project?

Calculate the NPV of each project. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.)