Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both products is 15 percent. Project A: Nagano NP-30 Professional clubs that will take an initial investment of $590,000 at Time 0 Next five years (Years 1-5) of sales will generate a consistent cash flow of $225,000 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 $470,000 at Time 0 Cash flow at Year 1 is $140,000. 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 -$590,000 70,000 225,000 225,000 225,000 225,000 225,000 140,000 154,000 169,400 186,340 204,974 2 4 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 IRR PI NPV ars ars