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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 O Project M -$141,000

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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 O Project M -$141,000 64,400 82,400 73,400 59,400 Project N. $364,000 148,000 189,000 133,000 119,000 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? a. b. Project M Project N Project M Project N Accept project C

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