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Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent. Year Project M 0

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Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent. Year Project M 0 -$ 137,000 1 63,800 2 81,800 3 4 72,800 58,800 Project N -$ 358,000 151,000 183,000 136,000 113,000 a. What is the IRR for each project? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the NPV for each project? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Which, if either, of the projects should the company accept? a. Project M Project N b. Project M Project N c. Accept project % %

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