VConsider the following cash flows of two mutually exclusive projects for A$-$Z Motorcars. Assume the discount rate for both projects is $11$Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both

projects is $13$ percent.

References

Project A: Nagano NP$-30.$

Professional clubs that will take an initial investment of $$900,000$ at Time $0.$ Introduction of new product at Year $6$ will terminate further

cash flows from this project.

Project B: Nagano NX$-20.$

High$-$end amateur clubs that will take an initial investment of $$646,000$ at Time $0.$ Introduction of new product at Year $6$ will terminatenswers to $3$ decimal

places, e$.$g$.,32\mathrm{.}161,$ and other answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

percent.

a$.$ What is the payback period for each project?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the NPV for each project?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What is the IRR for each project?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$