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Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Project M -$125,000 57,000 64,000
Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Project M -$125,000 57,000 64,000 59,000 34,000 Project N -$310,000 135,000 161,000 129,000 92,000 Required (a) What is the IRR for each project? (Do not round intermediate calculations. Enter your answer 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? (Do not round 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) v
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