Please show full detailed calcualtions for NPV and IRR
NPV&IRR. Winnipeg 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 -$175,000 -$280,000
1 65,000 100,000
2 85,000 140,000
3 75,000 120,000
4 65,000 80,000
a. What is the IRR for each project?
b. What is the NPV for each project?
c. Which, if either, of the projects should the company accept?