WILL GIVE A THUMBS UP IF CORRECT

Use the NPV method to determine whether Smith Products should invest in the following projects: - Profuct A : Costs $295,000 and offen eight annual net cash infows of $54,000. Smith Products requires an annual return of 14% on investments of this nature (Click the ioon to view Prosent Value of $1 table). [Click the icon to viow Prosent Value of Ordinaryamuity of 51 table.) Fead the reairements parentheses or a minus sion for a negative net present value) Caclulate the NPV (net present value) of each project Bogin by calcutating the NPV of Project A Reference Reference Requirements 1. What is the NPV of each project? Assume neither project has a residual value. Round to two decimal places. 2. What is the maximum acceptable price to pay for each project? 3. What is the profitability index of each project? Round to two decimal places