Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 13 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $640,000 at Time 0 Next five years (Years 1-5) of sales will generate a consistent cash flow of $275,000 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 $650,000 at Time 0 Cash flow at Year 1 is $190,000. 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 $640,000 275,000 275,000 275,000 275,000 275,000 $650,000 190,000 209,000 229,900 252,890 278,179 0 2 3 4 Complete the following table: (Do not round intermediate calculations. Round your "Pl" 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 Pl NPV years years 0 0