Consider the following cash flows of two mutually exclusive projects for AZ$-$Motorcars. Assume the discount rate for both projects is $8$ percent.

Year AZM Mini$-$SUV AZF Full$-$SUV

$0$$ $530,000$$ $880,000$

$1336,000366,000$

$2212,000452,000$

$3166,000306,000$

a$.$

What is the payback period for each project? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the NPV for each project? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the IRR for each project? $($Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$