9 Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 17 percent. Project Nagano NP-30. A: 10 points Professional clubs that will take an initial investment of $680,000 at Year 0 For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $315,000 per year Introduction of new product at Year 6 will terminate further cash flows from this project eBook Project Nagano NX-20. Print B: High-end amateur clubs that will take an initial investment of $770,000 at Year References Cash flow at Year 1 is $230,000. 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 Year NP-30 NX-20 0 -$680,000 -$770,000 315,000 315,000 315,000 315,000 315,000 230,000 253,000 278,300 306,130 336,743 2 3 4 5 Complete the following table: (Do not round intermediate calculations. Round your "PI" answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g. 32.16. Enter your IRR answers as a percent.) points Introduction of new product at Year 6 will terminate further cash flows from this project. NX-20 -$680,000 -$770,000 230,000 253,000 278,300 306,130 336,743 Year NP-30 eBook 1 315,000 315,000 315,000 315,000 315,000 2 3 Print 4 5 References Complete the following table: (Do not round intermediate calculations. Round your "PI" answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16. Enter your IRR answers as a percent.) NP-30 NX-20 Payback years years IRR % % PI NPV