Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both

projects is $9$ percent.

Project A: Nagano NP$-30.$

Professional clubs that will take an initial investment of $$970,000$ 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 $$709,000$ at Time $0.$ Introduction of new product at Year $6$ will terminate

further cash flows from this project.

Complete the following table:

Note: Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index $($PI$)$ answers to $3$ decimal

places, e$.$g$.,32\mathrm{.}161,$ and other answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ What is the incremental IRR of investing in the larger project?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Incremental IRR

$\%$