Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assume the discount rate for both projects is 12 percent. Project A: Nagano NP-30. Professional clubs that will take an initial investment of $940,000 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 $682,000 at Time 0. Introduction of new product at Year 6 will terminate further cash flows from this project. Year NP-30 NX-20 0 –$ 940,000 –$ 682,000 1 343,000 260,000 2 333,000 276,000 3 308,000 257,000 4 302,000 237,000 5 212,000 184,000 Complete the following table: (Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index (PI) answers to 3 decimal places (e.g., 32.161) and other answers to 2 decimal places (e.g., 32.16).) NP-30 NX-20 NPV $ $ IRR % % PI What is the incremental IRR of investing in the larger project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Incremental IRR %