Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 11 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $880,000 at Time O. 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 $628,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project. Year DL2345 0 1 NP-30 -$ 880,000 331,000 321,000 NPV IRR PI 296,000 284,000 194,000 NX-20 -$ 628,000 249,000 252,000 239,000 219,000 172,000 Complete 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. NP-30 % NX-20 %

Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 11 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $880,000 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 $628,000 at Time 0 . Introduction of new product at Year 6 will terminate further cash flows from this project. Complete 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 . Complete 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