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Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 12 percent. Year AZM Mini-SUV AZF

Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 12 percent. Year AZM Mini-SUV AZF Full-SUV 0 $ 550,000 $ 900,000 1 340,000 370,000 2 220,000 460,000 3 170,000 310,000 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 %

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