Question: Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 9 percent.Project A: Nagano

Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 9 percent.Project A: Nagano NP-30.Professional clubs that will take an initial investment of $920,000 at Time 0. 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 $664,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project.YearNP-30NX-200$ 920,000$ 664,0001339,000261,0002329,000268,0003304,000251,0004296,000231,0005206,000180,000Complete the following table:Note: Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index (PI) answers to 3 decimal places, e.g.,32.161, and other answers to 2 decimal places, e.g.,32.16.What is the incremental IRR of investing in the larger project?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.

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