p 5 1 nces Mc raw Saved Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber Company. Assume the discount rate for both projects is 8 percent. b. What is the NPV for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Dry Prepreg Solvent Prepreg 0 -$1,800,000 2 1,080,000 840,000 -$ 715,000 380,000 627,000 396,000 Dry Prepeg Solvent Prepeg $ 610,798.66 $ 488,760.86 D 3 870,000 a. What is the payback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Dry Prepeg Solvent Prepeg 1.86 years 1.53 years c. What is the IRR for both projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the NPV for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) here to search Dry Prepeg Solvent Prepeg 26.84 % 42.20 % < Prev 4 of 5 Next > here to search c. What is the IRR for both projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Dry Prepeg Solvent Prepeg 26.84 % 42.20% d. Calculate the incremental IRR for the cash flows. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % Incremental IRR < Prev 4 of 5 Next >