Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 18 percent. Year o Project M Project N -$141,000 $354,000 63,400 153,000 81,400 179,000 72,400 138,000 58,400 109,000 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