Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 8 percent.

Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 8 percent. AZM Year Mini-SUV AZF Full-SUV 0 WN - -$880,000 $530,000 336,000 366,000 212,000 452,000 166,000 306,000 a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 places, e.g., 32.16.) 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.) c. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a. years AZM payback period AZF payback period AZM NPV years b. AZF NPV C. AZM IRR % AZF IRR %