Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 10 percent.

AZM Mini-SUV

Year 0 -$540,000

Year 1 338,000

Year 2 216,000

Year 3168,000

AZF Full-SUV

Year 0 -890,000

Year 1 368,000

Year 2 456,000

Year 3 308,000

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).)

NPVAZM 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).)

IRRAZM Mini-SUV______%

AZF Full-SUV______%