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Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 8 percent. Project A:

Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 8 percent.

Project A: Nagano NP-30.
Professional clubs that will take an initial investment of $860,000 at Time 0. 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 $610,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project.

Year NP-30 NX-20
0 $ 860,000 $ 610,000
1 327,000 243,000
2 317,000 244,000
3 292,000 233,000
4 278,000 213,000
5 188,000 168,000

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

NP-30 NX-20
NPV $ $
IRR % %
PI

What is the incremental IRR of investing in the larger project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Incremental IRR %

How would I enter this on excel as well? Thanks

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