Use the NPV method to determine whether Smith Products should invest in the following projects: Project A: Costs $280,000 and offers eight annual net cash inflows of $57,000. Smith Products requires an annual retum of 14% on investments of this nature Project B: Costs $400,000 and offers 10 annual net cash inflows of $71,000. Smith 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. 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, XXXX Use 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 Project A: Years 1-8 Present value of annuity 0 Investment Net present value of Project A Calculate the NPV of Project B. Project B: Years Net Cash Annuity PV Factor Inflow (-14%, n=8) Present Value Net Cash Annuity PV Factor Present Inflow (-12%, n=10) Value