Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 20 percent.

Year	Project M	Project N
0	$139,000	$356,000
1	63,600	152,000
2	81,600	181,000
3	72,600	137,000
4	58,600	111,000

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?