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Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume that the discount rate for Nagano Golf is 16 percent Project

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Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume that the discount rate for Nagano Golf is 16 percent Project A: Nagano NP-30. Professional clubs that will take an initial investment of $971,000 at time 0 . Next five years (years 15) of sales will generate a consistent cash flow of $440,000 per year. Introduction of new product at year 6 will terminate further cash flows from this project. Project B: Nagano NX-20. High-end amateur clubs that will take an initial investment of $700,000 at time 0 . Cash flow at year 1 is $290,000. In each subsequent year, cash flow will grow at 10 percent per year. Introduction of new product at year 6 will terminate further cash flows from this project. Complete the following table: (Do not round intermediate calculations. Round the "PI" answers io 3 decimal places and other answers to 2 decimal places. Omit $ sign in your response. Omit '\%' sign in your response.)

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