Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 11 percent.

Year AZM Mini-SUV AZF Full-SUV 0 $ 495,000 $ 845,000 1 329,000 359,000 2 198,000 438,000 3 159,000 299,000

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 _____ %