Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 17 percent. Year AWNO 2 3 4 Project M -$145,000 64,000 82,000 73,000 59,000 Project N -$360,000 150,000 185,000 135,000 115,000 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? a. % % Project M Project N b. Project M Project N c. Accept project Project N