Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 12 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $700,000 at Time 0. Next five years (Years 15) of sales will generate a consistent cash flow of $300,000 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 $850,000 at Time 0. Cash flow at Year 1 is $250,000. 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 $ 700,000 $ 850,000 1 300,000 250,000 2 300,000 275,000 3 300,000 302,500 4 300,000 332,750 5 300,000 366,025 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.) NP-30 NX-20 Payback years years IRR % % PI NPV $ $