Problem $8-16$ NPV and IRR $[$LO $3,4]$

Marisns Manciacturing is peesentied whth the following Nwo mutuslly excluplve proptes. The requined restuen for boet propects is t$8$ percect.

$\backslash$table$[[$Year$,$Project K$,$Praject M$],[8,-5144,,-5361,604],[1,64,2,20,503],[2,12,{280}_{?},155,500],[3,33,289,134,309],[4,25\mathrm{.}212,12$if$.$wh$]]$

a$.$ What is the inh for each projoct

Natec Do not round intermediate ealoulations and emter your anowars as a perceent rounded to $2$ decimal places, e$9,1216.$

b$.$ What is the kivy for coct projoct?

Nobe: Do not round intermediate calculations and round yeur answers to $2$ decimal places, e$\mathrm{.}9-32.3.$

c$.$ Which, if ethos of the projects should the company accept?

$\backslash$table$[[4.$ Propuct ${?}^a,5],[$Primin$,5],[$b$.$ Projuct M$,],[$Primatil$,],[$C$.$ Aconpt gramet,$]]$