Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 12 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $1,040,000 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 $772,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project. Year NP-30 NX-20 0 $ 1,040,000 $ 772,000 1 363,000 283,000 2 353,000 285,000 3 328,000 273,000 4 332,000 267,000 5 242,000 204,000 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.) What is the incremental IRR of investing in the larger project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)