Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 12 percent. Project Nagano NP-30. A: Professional clubs that will take an initial investment of $560,000 at Time 0. Next five years (Years 1-5) of sales will generate a consistent cash flow of $195,000 per year. Introduction of new product at Year 6 will terminate further cash flows from this project. Project Nagano NX-20. High-end amateur clubs that will take an initial investment of $370,000 at Time Cash flow at Year 1 is $110,000. 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 -$560,000 195,000 195,000 195,000 195,000 195,000 NX-20 370,000 110,000 121,000 133,100 146,410 161,051 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 2.87 years 22% 1.255 142975 NX-20 4.04 years 22% Payback IRR PL NPV 1.281 $ 103866.21