Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 9 percent.

Year	AZM Mini-SUV			AZF Full-SUV
0	$	485,000		$	835,000
1		327,000			357,000
2		194,000			434,000
3		157,000			297,000

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	%