Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 10 percent.

Year	AZM Mini-SUV			AZF Full-SUV
0	$	540,000		$	890,000
1		338,000			368,000
2		216,000			456,000
3		168,000			308,000

a.	What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16).)

	Payback period
AZM Mini-SUV	years
AZF Full-SUV	years

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).)

	NPV
AZM Mini-SUV	$
AZF Full-SUV	$

c.	What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).)

	IRR
AZM Mini-SUV	%
AZF Full-SUV	%