Problem $5-16$ Comparing Investment Criteria

Consider the following cash flows of two mutually exclusive projects for AZ$-$Motorcars.

Year AZM Mini$-$SUV AZF Full$-$SUV

$0$$ $545,000$$ $895,000$

$1339,000369,000$

$2218,000458,000$

$3169,000309,000$

Assume the discount rate for both projects is $11$ percent.

a$.$ What is the payback period for each project? $($Do not round intermediate

calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ 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$.,32\mathrm{.}16.)$

c$.$ What is the NPV for each project? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$