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.

Year	Dry Prepreg	Solvent Prepreg
0		-1,790,000			-795,000
1		1,109,000			420,000
2		918,000			690,000
3		759,000			408,000

(Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

1. What is the Payback period for both projects?

2. What is the NPV for both projects?

3. What is the IRR for both projects

4. Calculate the incremental IRR for the cash flows.

Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber Company. Assume the discount rate Company is 11 percent. Year a. Dry Prepreg 0 -$1,790,000 1 1,109,000 2 918,000 3 759,000 Solvent Prepreg - 795,00 $ 0 420,00 0 690,00 0 408,00 0 What is the payback period for both projects? (Do not round intermediate calculations. Round your answers to 2 d (e.g., 32.16)) Payback period Dry Prepeg Solvent Prepeg years years b. What is the NPV for both projects? (Do not round intermediate calculations. Round your answers to 2 decimal pla 32.16)) NPV Dry Prepeg Solvent Prepeg c. $ $ What is the IRR for both projects? (Do not round intermediate calculations. Round your answers to 2 decimal pla 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 places. (e.g., 32.16)) Incremental IRR %