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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 18 percent. Year 0 1 2 3

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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 18 percent. Year 0 1 2 3 4 Project M Project N -$144,000 $361,000 $64,100 $149,500 $82,100 $186,000 $73,100 $134,500 $59.100 $116,000 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.) Project M: 32.02%, Project N: 20.22% Project M: 33.24%, Project N: 24.02% Project M: 15.15%, Project N: 20.50% Project M: 24.02%, Project N:33.24%

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