Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent.

Year	Project M	Project N
0	$ 141,000	$ 364,000
1	64,400	148,000
2	82,400	189,000
3	73,400	133,000
4	59,400	119,000

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?