Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent. Year 0 1 Project M -$137,000 63,800 81,800 72,800 58,800 Project N -$358,000 151,000 183,000 136,000 113,000 2 3 4 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? % % a. Project M Project N b. Project M Project N c. Accept project