Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for both projects is 11 percent.

Year	AZM Mini-SUV			AZF Full-SUV
0	$	495,000		$	845,000
1		329,000			359,000
2		198,000			438,000
3		159,000			299,000

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	years
AZF Full-SUV	years

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 for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	IRR
AZM Mini-SUV	%
AZF Full-SUV	%