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 $$980,000$ 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 $$718,000$ at Time $0.$ Introduction of new product at Year $6$ will terminate further cash flows from this project.

Year NP$-30$ NX$-20$

$0$ $ $980,000$ $ $718,000$

$1351,000267,000$

$2341,000283,000$

$3316,000267,000$

$4314,000249,000$

$5224,000192,000$

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?

$\backslash$table$[[$Year$,NP-30,$NX$-20],[0,-$$$980,000,-$$$718,000$