A firm with a $14\%$ WACC is evaluating two projects for this year's capital budget. After$-$tax cash flows, including depreciation, are as follows:

$012345$

Project M $-$$$15,000$ $$5,000$ $$5,000$ $$5,000$ $$5,000$ $$5,000$

Project N $-$$$45,000$ $$14,000$ $$14,000$ $$14,000$ $$14,000$ $$14,000$

Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent.

Project M: $

$2165\mathrm{.}40$

Project N: $

$3063\mathrm{.}13$

Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places.

Project M:

$19\mathrm{.}68$

$\%$

Project N:

$16\mathrm{.}80$

$\%$

Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places.

Project M:

$17\mathrm{.}21$

$\%$

Project N:

$15\mathrm{.}51$

$\%$

Calculate payback for each project. Do not round intermediate calculations. Round your answers to two decimal places.

Project M:

$2\mathrm{.}08$

years

Project N:

years

Calculate discounted payback for each project. Do not round intermediate calculations. Round your answers to two decimal places.

Project M:

$2\mathrm{.}40$

years

Project N:

years