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Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 13 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 13 percent. Year Project M 0 -$ 135,000 1 65,000 2 83,000 3 4 74,000 60,000 Project N -$ 370,000 145,000 195,000 130,000 125,000 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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