Answer the following.

Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 8 percent. AZM AZF Year Mini-SUV Full-SUV 0 -$505,000 $855,000 331,000 361,000 202,000 442,000 161,000 301,000 a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) AZM Mini-SUV AZF Full-SUV Payback period years years b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV AZM Mini-SUV AZF Full-SUV c. What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR AZM Mini-SUV AZF Full-SUV