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Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 18 percent. Year Project M Project N
Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 18 percent. Year Project M Project N 0 $141,000 $354,000 1 63,400 153,000 2 81,400 179,000 3 72,400 138,000 4 58,400 109,000 Required: (a) What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) IRR Project M % Project N % (b) What is the NPV for each project?
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