A firm with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows: a. Calculate NPV for each project. Round your answers to the nearest cent. Do not round your intermedi calculations. Project M$ Project N \$ Calculate IRR for each project. Round your answers to two decimal places. Do not round your interme calculations. \begin{tabular}{l|c} Project M & % \\ Project N & % \end{tabular} Calculate MIRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M% Project N \% \% Calculate payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M years Project N years Calculate discounted payback for each project. Round your answers to two decimal places. Do not rou your intermediate calculations. Project M years Project N years d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV TD D