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

YearProject MProject N0-$138,000-$367,000164,700146,500282,700192,000373,700131,500459,700122,000a.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 %

B. Project M

Project N

C. Accept project