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Wii Brothers, a game manufacturer, has a new idea for an adventure game. It can market the game either as a traditional board game or

Wii Brothers, a game manufacturer, has a new idea for an adventure game. It can market the game either as a traditional board game or as an interactive DVD, but not both. Consider the following cash flows of the two mutually exclusive projects for the company. Assume the discount rate is 9 percent.
Year Board Game DVD
0$ 1,550$ 3,400
17602,100
21,3001,640
32801,150
a.
What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
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.)
c. 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.)
d. What is the incremental IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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