Consider the following cash flows of two mutually exclusive projects for Spartan Rubber Company. Assume the discount rate for both projects is 10 percent. Year 0 1 2 3 Dry Prepreg -$1,730,000 1,103,000 906,000 753,000 Solvent Prepreg -$ 765,000 390,000 630,000 396,000 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.) Dry Prepreg Solvent Prepreg Payback period years 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 $ Dry Prepreg Solvent Prepreg $ 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 Dry Prepreg Solvent Prepreg % % d. Calculate the incremental IRR for the cash flows. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Incremental IRR %