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Payton Company is evaluating the following two mutually exclusive projects. The required return for both projects is 20 percent. 0 1 Project -$139,000 63,600 81,600

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Payton Company is evaluating the following two mutually exclusive projects. The required return for both projects is 20 percent. 0 1 Project -$139,000 63,600 81,600 72,600 50, 600 PERCEN 356,000 152,000 181,000 137,000 111,000 3 a. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) IRR Project M Projects b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project M Projects NPY $ $ c. Which, If either, of the projects should Payton Company accept? (Click to select)

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