Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 8 percent. Project Nagano NP-30. A: Professional clubs that will take an initial investment of $960,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project. Project Nagano N20. High-end amateur clubs that will take an initial investment of $700,000 at Time 0 . Introduction of new product at Year 6 will terminate further cash flows from this project. 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.)