Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 15 percent.

Project ? ?Nagano NP-30.

A: ? ?Professional clubs that will take an initial investment of $735,000 at Year 0.

For each of the next 5 years (Years 1?5), sales will generate a consistent cash flow of $239,000 per year.

Introduction of new product at Year 6 will terminate further cash flows from this project.

Project ? ?Nagano NX-20.

B: ? ?High-end amateur clubs that will take an initial investment of $460,000 at Year 0.

Cash flow at Year 1 is $130,000. In each subsequent year, cash flow will grow at 10 percent per year.

Introduction of new product at Year 6 will terminate further cash flows from this project.

Please fill in the following table:

NP-30 Year NX-20 -$735,000 -$460,000 130,000 239,000 239,000 143,000 239,000 157,300 239,000 4 173,030 239,000 190,333 NP-30 NX-20 Implications Payback IR PI NPV