Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 16 percent. Project Nagano NP-30. A: Professional clubs that will take an initial investment of $740,000 at Year O. For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $340,000 per year. Introduction of new product at Year 6 will terminate further cash flows from this project Project Nagano NX-20. B: High-end amateur clubs that will take an initial investment of $970,000 at Year 0. Cash flow at Year 1 is $290,000. 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 5740,000 970,000 1 340,000 290,000 2 340,000 319,000 3 340,000 350,900 4 340,000 385,990 5 340,000 424,589 Complete the following table: (Do not round intermediate calculations. Round your "Pl" 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 IRR years % years % PI NPV