Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber Company. Assume the discount rate for both projects is 11 percent. Year Dry Prepreg Solvent Prepreg 0 $ 1,790,000 $ 795,000 1 1,109,000 420,000 2 918,000 690,000 3 759,000 408,000 a. What is the payback period for both projects? (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) Payback period Dry Prepeg years Solvent Prepeg years b. What is the NPV for both projects? (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) NPV Dry Prepeg $ Solvent Prepeg $ 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., 32.16.) IRR Dry Prepeg % Solvent Prepeg % 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., 32.16.) Incremental IRR %