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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:

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

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