Higher Ground Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent.

Year	Project M	Project N
0	$141,000	$364,000
1	64,400	148,000
2	82,400	189,000
3	73,400	133,000
4	59,400	119,000

Required:
(a)	What is the IRR for each project? (Do not include the percent signs (%). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	IRR
Project M	%
Project N	%

(b)	What is the NPV for each project? (Do not include the dollar signs ($). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	NPV
Project M	$
Project N	$

(c)	Which, if either, of the projects should the company accept?
	(Click to select)Project MNeitherProject N