Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 10 percent.

Year	AZM Mini-SUV			AZF Full-SUV
0	$	465,000		$	815,000
1		323,000			353,000
2		186,000			426,000
3		153,000			293,000

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	%