Question: Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. a. What is the IRR

Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent.

Reece Company is presented with the following two mutually exclusive

a. What is the IRR for each project?
b. What is the NPV for each project?
c. Which, if either, of the projects should the company accept?

Year Project M Project N $372.000 2 3 4 $150,000 68,600 76,800 71,300 40,500 159,300 93,200 54,800 10,400

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