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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

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 $ 120,000 $ 339,000
1 55,500 154,300
2 69,400 164,400
3 64,100 150,800
4 36,500 105,400

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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