Use the NPV method to determine whether Kyler products should invest in the following projects. In order to get credit for the answers provided, you must show all your work, how you arrived at the answer provided for each question:

a. Project A – Costs $260,000 and offers seven annual net cash inflows of $57,000. Kyler Products requires an annual return of 16% on projects like A.

b. Project B – Costs $375,000 and offers 10 annual net cash inflows of $75,000. Kyler Product demands an annual return of 14% on investments of this nature.

c. Compute the IRR of each project and use this information to identify the better investment.