Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 14 percent.

Project A:	Nagano NP-30.
	Professional clubs that will take an initial investment of $650,000 at Year 0.
	For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $285,000 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 $680,000 at Year 0.
	Cash flow at Year 1 is $200,000. 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	$	650,000		$	680,000
1		285,000			200,000
2		285,000			220,000
3		285,000			242,000
4		285,000			266,200
5		285,000			292,820

Complete the following table: (Do not round intermediate calculations. Round your "PI" answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16. Enter your IRR answers as a percent.)