uueation.com/hm.tpx Problem 8-16 NPV and IRR [LO 3, 4] Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent. -$137,000 $358,000 63,800 151,000 83,000 81,800 72,800 58,800 136,000 113,000 a. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rou Project M Project N 36.13 % 24.32 % 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.) s 65859.60 $ 73969.90 Project N c. Which, if either, of the projects should the company accept? Click to select) 8.4 The Rate of Return