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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 $137,000 $368,000 1 64,800 146,000 2 82,800 193,000 3 73,800 131,000 4 59,800 123,000 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?

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