What is the NPV and IRR for each project

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Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year Project M Project N 0 –$ 141,000 –$ 364,000 1 64,400 148,000 2 82,400 189,000 3 73,400 133,000 4 59,400 119,000 a. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project M % Project N % b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project M $ Project N $ c. Which, if either, of the projects should the company accept?

Reference no: EM131935577

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