Only looking for the Payback for NX-20

Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 12 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $560,000 at Time 0. Next five years (Years 1-5) of sales will generate a consistent cash flow of $195,000 per year Introduction of new product at Year 6 will terminate further cash flows from this project. Project B:gano NX-20. High-end amateur clubs that will take an initial investment of $370,000 at Time . Cash flow at Year 1 is $110,000. In each subsequent year cash flow will grow at 10 percent per year Introduction of new product at Year 6 will terminate further cash flows from this project. Year NP-30 NX-20 0 S560,000 $370,000 1 195,000 110,000 2 195,000 121,000 3 195,000 133,100 4 195,000 146,410 5 195,000 161,051 Complete the following table: (Do not round intermediate calculations. Round your PI" answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16. Enter your IRR answers as a percent.) NP-30 NX-20 2.87 years 22 % Payback IRR PI NPV 22 % 1.281 S 103866.28 1.255 $ 142975