Consider the following cash flows of two mutually exclusive projects for Scotia Rubber Company. Assume the discount rate for Scotia

Rubber Company is $11$ percent. $($Do not round intermediate calculations. Round the answers to $2$ decimal places. Omit $ sign in

your response.$)$

a$.$ What is the payback period for each project?

Dry Prepreg

Payback period

Solvent Prepreg

years

years

b$.$ What is the NPV for each project?

c$.$ What is the IRR for each project? $($Omit $\text{'}\%\text{'}$ sign in your response.$)$

d$.$ Calculate the incremental IRR for the cash flows. $($Omit $\text{'}\%\text{'}$ sign in your response.$)$

Incremental IRR

$\%$