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 $710,000 at Year 0.
	For each of the next 5 years, (Years 1-5), sales will generate a consistent cash flow of $310,000 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 $880,000 at Year 0.
	Cash flow at Year 1 is $260,000. 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	$ 710,000	$ 880,000
1	310,000	260,000
2	310,000	286,000
3	310,000	314,600
4	310,000	346,060
5	310,000	380,666

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

Payback -(YRS)

IRR - (%)

PI -

NPV-

NX-20

Payback -(Yrs)

IRR - (%)

PI -

NPV-