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 0 $ 141,000 $ 364,000 1 64,400 148,000 2 82,400 189,000 3 73,400 133,000 4 59,400 119,000 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 35 % Project N 24 % 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 $ 59530.07 Project N $ 63095.10 c. Which, if either, of the projects should the company accept?