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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 16 percent. Year Project M -$143,000 63,200

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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 16 percent. Year Project M -$143,000 63,200 81,200 72,200 58,200 Project N $352,000 154,000 177,000 139,000 107,000 AWN- 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? olo a. Project M Project N Project M Project N c. Accept project

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