A firm with a 13%. WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as fallaws: ProjectMProjectN$6,000$18,000$2,000$5,600$2,000$5,600$2,000$5,600$2,000$5,600$2,000$5,600 a. Calculate NPV for each project. Do not round intermediate caiculations. Round your answers to the nearest cent. Project M: $ Proyect N: $ Calculate IRR for each project. Do not round intermediate calculations. Pound your answers to two decimal ptaces. Project M: Project N: Calculate MERR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: 9 Project N: ih Calculate payback for each project. Do not round intermediate calculations. Round your answers to two decimal places. Pro;ect M: years Project N: years Caiculate di scounted payback for each project. Do not round intermediate calculations. Round your answers to two decimal pisces, Project M: years Project N: years b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend? d. Notice that the projects have the same cash flew timing pattem. Why is there a conflict between NPV and IRR? a. Calculate NPY for each project. Do not round intermediate caiculations. Round your answers to the nearest cent, ProjectM:$ProjectN:$ Calculate IRR for each project. Do not round intermediate calculations, Round your answers to two decimal places. Project M: Project N: Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: Project N: Calculate payback for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: years Project N: years Calculate discounted payback for each project. Do not round intermediate calculations. Round your answers to two decimal pla Project M: years Project N: years frepect is 1 Propect NI s Project M: $ Project N: 3 Calculate tap foc each aroject. Do not round irtermediate caculations. Posrd your answers to tno decimal places. Froject M: Project N: Broject M: Project NI, Calculate payback for each project. Do not round intermedate calculations. Wourd your antwers to two deci-al piacet. FrojectMiTrojectN1yearsyears Galculate disounted peyback for each preject. Do not round incermediate calculations. Recund your answers ta tws decin Jroject M Project N: yeats b. Assuming the predects are independent, ahich one(c) wosld you recommend? c. It the projects are mutually esclusive, which would rou recommend? Treven: d - seiert. Ther in no obisct bitwathier est uni