Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume discount rate for both projects is 8 percent

Project Nagano NP-30. A: Professional clubs that will take an initial investment of $1,010,000 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 $745,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project. ok nces Year NX-20 0 1 2 3 4 5 NP-30 $1,010,000 357,000 347,000 322,000 323,000 233,000 $745,000 274,000 283,000 270,000 258,000 198,000 Complete the following table (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.) NP-30 NX-20 $ $ NPV IRR PI X What is the incremental IRR of investing in the larger project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. e... 32.16.) S Prov Next