Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent. Year Project M Project N 0 $140,000 $365,000 1 64,500 147,500 2 82,500 190,000 3 73,500 132,500 4 59,500 120,000 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?