Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 16 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $600,000 at Year O. For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $235,000 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 $500,000 at Year 0. Cash flow at Year 1 is $150,000. 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 0 $600,000 $500,000 1 2 3 4 5 235,000 235,000 235,000 235,000 235,000 150,000 165,000 181,500 199,650 219,615 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 years years % % IRR PI NPV