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: 0 1 2 3 5 Project M Project N $24,000 $8,000 $8,000 $8,000 $8,000 $8,000 -$72,000 $22,400 $22,400 $22,400 $22,400 $22,400 a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent. Project M: $ Project N: $ Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places, Project M: Project N: % % years 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 found intermediate calculations. Round your answers to two decimal places Project M: Project N: years Calculate discounted payback for each project. Do not round intermediate calculations. Round your answers to two decimal places, Project M Project N years b. Assuming the projects are independent, which one would you recommend? years b. Assuming the projects are independent, which one(s) would you recommend? -Select c. If the projects are mutually exclusive, which would you recommend? Select d. Notice that the projects have the same cash flow timing patter, Why is there a conflict between NPV and IRR? Select