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

$

465,000

$

815,000

1

323,000

353,000

2

186,000

426,000

3

153,000

293,000

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	%