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Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year Project M Project N

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Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year Project M Project N -$141,000 $364,000 148,000 189,000 133,000 119,000 64.400 82,400 73,400 59,400 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 Project N 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 Project M Project N c. Which, if either, of the projects should the company accept? (Click to select) v

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