Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 16 percent. Project A Nagano NP-30 Professional clubs that will take an initial investment of $670,000 at Year 0. For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $305,000 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 $740,000 at Year 0. Cash flow at Year 1 is $220,000. 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 0 1 NP-30 NX-20 670,000 740,000 305,000 220,000 305,000 242,000 305,000 266,200 305,000 292,820 305,000 322,102 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.) Year 0 1 NP-30 NX-20 $670,000 740,000 305,000 220,000 305,000 242,000 305,000 266,200 305,000 292,820 305,000 322,102 2 3 4 5 Complete the following table: (Do not round intermediate calculations. Round your "P" 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 IRR years % years % PI NPV