Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber

Company. Assume the discount rate for both projects is $8$ percent.

a$.$ What is the payback period for both projects? $($Do not round intermediate

calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

b$.$ What is the NPV for both projects? $($Do not round intermediate calculations and

round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete and correct.

c$.$ What is the IRR for both projects? $($Do not round intermediate calculations and enter

your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

d$.$ Calculate the incremental IRR for the cash flows. $($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$