Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume that the discount rate for Nagano Golf is 15 percent.

Project A: Nagano NP-30. Professional clubs that will take an initial investment of $550,000 at time 0. Next five years (years 15) of sales will generate a consistent cash flow of $185,000 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 $350,000 at time 0. Cash flow at year 1 is $100,000. 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	$	550,000	$	350,000
1		185,000		100,000
2		185,000		110,000
3		185,000		121,000
4		185,000		133,100
5		185,000		146,410

Complete the following table: (Do not round intermediate calculations. Round the "PI" answers to 3 decimal places and other answers to 2 decimal places. Omit $ sign in your response.)

	NP30		NX20				Implications
Net present value	$		$				(Click to select) Reject NX-20 Accept NP-30 Reject NP-30 Accept NX-20
Internal rate of return		%		%			(Click to select) Reject NX-20 Accept NX-20 Reject NP-30 Accept NP-30
Incremental internal rate of return						%	(Click to select) Accept NX-20 Reject NP-30 Reject NX-20 Accept NP-30
Profitability index	$		$				(Click to select) Accept NP-30 Reject NP-30 Reject NX-20 Accept NX-20