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Consider two mutually exclusive new product launch projects thatNagano Golf is considering. Assume the discount rate for bothproducts is 12 percent. Project A:Nagano NP-30. Professional clubs that will take an initial investment of$700,000 at Time 0. Next five years (Years 1–5) of sales will generate a consistentcash flow of $300,000 per year. Introduction of new product at Year 6 will terminate furthercash flows from this project. Project B:Nagano NX-20. High-end amateur clubs that will take an initial investment of$850,000 at Time 0. Cash flow at Year 1 is $250,000. In each subsequent year cashflow will grow at 10 percent per year. Introduction of new product at Year 6 will terminate furthercash flows from this project. YearNP-30NX-200–$700,000–$850,0001300,000250,0002300,000275,0003300,000302,5004300,000332,7505300,000366,025 Complete the following table: (Do not roundintermediate calculations. Round your "PI" answers to 3 decimalplaces, e.g., 32.161, and other answers to 2 decimal places, e.g.,32.16. Enter your IRR answers as a percent.) NP-30NX-20 Paybackyearsyears IRR%% PI NPV$$