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 $628,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project. Year NP-30 NX-20 -$ 880,000 -$ 628,000 1 331,000 249,000 321,000 252,000 296,000 239,000 284,000 219,000 5 194,000 172,000 O Complete the following table: (Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index (Pl) answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16.) NX-20 $ NPV IRR PI NP-30 4.54 % % What is the incremental IRR of investing in the larger project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)