Complete the following table: $($Do not round intermediate calculations. Round your $"$PI$"$

answers to $3$ decimal places, e$.$g$.,32\mathrm{.}161,$ and other answers to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.$ Enter your IRR answers as a percent.$)$ Problem $5-19$ Comparing Investment Criteria

Consider two mutually exclusive new product launch projects that Nagano Golf is

considering. Assume the discount rate for both products is $12$ percent.

Project

A: Nagano NP$-30.$

Professional clubs that will take an initial investment of $$560,000$ at Year $0.$

For each of the next $5$ years, $($Years $1-5),$ sales will generate a consistent cash

flow of $$195,000$ per year.

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

project.

Project Nagano NX$-20.$ B:

B: High$-$end amateur clubs that will take an initial investment of $$370,000$ at Year

$0.$

Cash flow at Year $1$ is $$110,000.$ 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.Problem $5-19$ Comparing Investment Criteria

Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is $12$ percent.

Project A: Nagano NP$-30.$

Professional clubs that will take an initial investment of $$560,000$ at Year $0.$

For each of the next $5$ years, $($Years $1-5),$ sales will generate a consistent cash flow of $$195,000$ per year.

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

Project B: Nagano NX$-20.$

High$-$end amateur clubs that will take an initial investment of $$370,000$ at Year $0.$

Cash flow at Year $1$ is $$110,000.$ 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$$ $560,000$$ $370,000$

$1195,000110,000$

$2195,000121,000$

$3195,000133,100$

$4195,000146,410$

$5195,000161,051$