Consider the following cash flows of two mutually exclusive projects for Scotia Rubber Company. Assume the Rubber Company is 8 percent: (Do not round intermediate calculations. Round the answers to 2 decimal pla response.) Year Solvent Prepreg Dry Prepreg -$1,860,000 -$ 830,000 455,000 760,000 422,000 1 1,116,000 932,000 766,000 3 a. What is the payback period for each project? Payback period Dry Prepeg years Solvent Prepeg years b. What is the NPV for each project? NPV Dry Prepeg Solvent Prepeg A 6A c. What is the IRR for each project? IRR Dry Prepeg Solvent Prepeg d. Calculate the incremental IRR for the cash flows. Incremental IRR