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Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 16 percent. Year Project M Project N

Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 16 percent.

Year Project M Project N
0 $136,000 $359,000
1 63,900 150,500
2 81,900 184,000
3 72,900 135,500
4 58,900 114,000

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 NProject MBothNeither

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