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Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 14 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 14 percent. Year Project M Project N -$137,000 -$358,000 151,000 183,000 136,000 113,000 63,800 81,800 72,800 58,800 2 4 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)

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