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

Year AZM Mini$-$SUV AZF Full$-$SUV

$0$$ $470,000$$ $820,000$

$1324,000354,000$

$2188,000428,000$

$3154,000294,000$

$1.$What is the payback period for each project?

$2.$ What is the NPV for each project?

$3.$What is the IRR for each project?