Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent.

Year	Project M	Project N
0	$144,000	$351,000
1	63,100	154,500
2	81,100	176,000
3	72,100	139,500
4	58,100	106,000

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? (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)Project MProject NBothNeither