Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is $13$ percent.

Project A: Nagano NP$-30.$

Professional clubs that will take an initial investment of $$1,000,000$ 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 $$736,000$ at Time $0.$ Introduction of new product at Year $6$ will terminate further cash flows from this project.

Year NP$-30$ NX$-20$

$0$$ $1,000,000$$ $736,000$

$1355,000271,000$

$2345,000284,000$

$3320,000269,000$

$4320,000255,000$

$5230,000196,000$

What is the incremental IRR of investing in the larger project?