Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber Company. Assume the discount rate for both projects is 11 percent. Solvent Year Dry Prepreg Prepreg 0 5,740,000 $770.000 1 1.104.000 395,000 2 908,000 640.000 3 754.000 398,000 a. What is the payback period for both projects? (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g.. 32.16.) years Dry Prepeg Solvent Prepeg years b. What is the NPV for both projects? (Do not round Intermediate calculations. Round your answers to 2 decimal places. e.... 3216.) Dry Prepeg Solvent Prepeg c. What is the IRR for both projects? (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places. e.g.. 3216.) Dry Prepeg Solvent Prepeg d. Calculate the incremental IRR for the cash flows. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e.g.. 32.16.) Incremental IRR 09