Problem 5-16 Comparing Investment Criteria Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for both projects is 11 percent. Year 0 1 AZM Mini-SUV -$ 495,000 329,000 198,000 159,000 AZF Full-SUV -$ 845,000 359,000 438,000 299,000 2 a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period years AZM Mini-SUV AZF Full-SUV years 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.) NPV AZM Mini-SUV $ AZF Full-SUV $ c. 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 AZM Mini-SUV % AZF Full-SUV %