LO 3 LO 4 16. NPV and IRR Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year Project M Project N 0 -$140,000 -$359,000 1 $61,500 159,300 234 2 73,400 168,400 68,100 154,800 40,500 110,400 a. What is the IRR for each project? b. What is the NPV for each project? C. Which, if either, of the projects should the company accept?