Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is $17$ percent.

Year Project M Project N

$0$$$145,000$$$360,000$

$164,000150,000$

$282,000185,000$

$373,000135,000$

$459,000115,000$

a$.$ What is the IRR for each project?

b$.$ What is the NPV for each project?

c$.$ Which, if either, of the projects should the company accept?