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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year Project M Project N

Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year Project M Project N 0 $140,000 $359,000 1 61,500 159,300 2 73,400 168,400 3 68,100 154,800 4 40,500 110,400 a. What is the IRR for each project? b. What is the NPV for each project? c. Which, if either, of the projects, should the company accept?

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