Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 9 percent.

Year	AZM Mini-SUV	AZF Full-SUV
0	$	460,000		$	810,000
1		322,000			352,000
2		184,000			424,000
3		152,000			292,000

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
AZF Full-SUV

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 period for each project?(Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16))

	IRR
AZM Mini-SUV	%
AZF Full-SUV	%