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Marissa Manufacturing is presented with the following two mutually exclusive projects. The required return for both projects is 14 percent.
| Year | Project M | Project N |
| 0 | $ 140,000 | $ 365,000 |
| 1 | 64,500 | 147,500 |
| 2 | 82,500 | 190,000 |
| 3 | 73,500 | 132,500 |
| 4 | 59,500 | 120,000 |
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., 32.16.
What is the NPV for each project?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Which, if either, of the projects should the company accept?
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