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

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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: Project B: Nagano NP-30. Professional clubs that will take an initial investment of $580,000 at Year 0. For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $215,000 per year. Year 012345 Introduction of new product at Year 6 will terminate further cash flows from this project. Nagano NX-20. High-end amateur clubs that will take an initial investment of $440,000 at Year 0. Cash flow at Year 1 is $130,000. 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. NP-30 -$580,000 NX-20 -$440,000 215,000 130,000 215,000 143,000 215,000 157,300 215,000 173,030 215,000 190,333 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.) Payback IRR Pl NPV NP-30 NX-20 years % years %

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