Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 16 percent. Year 0 Project M -$ 139,000 Project N -$ 366,000 1 64,600 147,000 2 82,600 191,000 3 4 73,600 59,600 132,000 121,000 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 % %