Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year NM + Project M -$140,000 61,500 73,400 68,100 40,500 Project N $359,000 159,300 168,400 154,800 110,400 a. What is the IRR for each project? (Do not round intermediate calculations and enter your answer 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 answer 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 Project acceptance