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