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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 Project N

Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent. Year Project M Project N 0 $ 137,000 $ 358,000 1 63,800 151,000 2 81,800 183,000 3 72,800 136,000 4 58,800 113,000 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. 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. Which, if either, of the projects should the company accept?

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