Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 15 percent. Project A:Nagano NP-30. Professional clubs that will take an initial investment of $675,000 at Year O. For each of the next 5 years (Years 1-5), sales will generate a consistent cash flow of $224,000 per year. Introduction of new product at Year 6 will terminate further cash flows from this project. Project B:Nagano NX-20. Year 012345 High-end amateur clubs that will take an initial investment of $430,000 at Year O. Cash flow at Year 1 is $125,000. 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. NP-30 -$675,000 NX-20 -$430,000 224,000 125,000 224,000 137,500 224,000 151,250 224,000 166,375 183,013 224,000 Complete the following table: (Do not round intermediate calculations. Round your "PI" answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16. Enter your IRR answers as a percent.) NP-30 NX-20 Payback IRR 2.29 years 33.28 % PI NPV $ 1.540 380,341.69 $ 3.06 years 21.78% 1.240 210,957.36