Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume that the discount rate for Nagano Golf is 18 percent

Project A: Nagano NP-30. Professional clubs that will take an initial investment of $697,000 at time 0. Next five years (years 15) of sales will generate a consistent cash flow of $272,000 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 $480,000 at time 0. Cash flow at year 1 is $170,000. 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.

Year	NP-30	NX-20
0	$	697,000	$	480,000
1		272,000		170,000
2		272,000		187,000
3		272,000		205,700
4		272,000		226,270
5		272,000		248,897

Complete the following table: (Do not round intermediate calculations. Round the "PI" answers to 3 decimal places and other answers to 2 decimal places. Omit $ sign in your response. Omit '%' sign in your response.)

	NP30		NX20			Implications
Net present value						(Click to select) Accept NX-20 Reject NX-20 Reject NP-30 Accept NP-30
Internal rate of return		%				(Click to select) Accept NX-20 Reject NX-20 Reject NP-30 Accept NP-30
Incremental internal rate of return					%	(Click to select) Reject NX-20 Accept NP-30 Reject NP-30 Accept NX-20
Profitability index	$		$			(Click to select) Accept NP-30 Reject NX-20 Accept NX-20 Reject NP-30