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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 19 percent. Year nmt Project M -$136,000

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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 19 percent. Year nmt Project M -$136,000 64,900 82,900 73,900 59,900 Project N. $369,000 145,500 194,000 130,500 124,000 a. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 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.) c. Which, if either, of the projects should the company accept? Project M Project N Project M Project N c. Accept project b

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