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: 2 5 0 1 3 4 Project M Project N - $30,000 $10,000 $10,000 $10,000 $10,000 $10,000 -590,000 $28,000 $28,000 $28,000 $28,000 $28,000 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: 90 Project N: Calculate MIRR for each project. Do not round Intermediate calculations. Round your answers to two decimal places Project M: Project N 96 Calculate payback for each project. Do not round Intermediate calculations. Round your answers to two decimal olac Project M: years Project N: years ces Calculate discounted payback for each project. Do not round intermediate calculations. Round your answers to two decim Project M years Project N: 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? Project N: -Select- Calculate Iculations. Round your answers to two decimal places Project M Only Project M would be accepted because NPVM) > NPVIN) Project N Only Project N would be accepted because Calculate NPV(N) > NPVM). calculations. Round your answers to two decimal places. Project M Both projects would be accepted since both of Project N their NPV's are positive Calculate Only Project M would be accepted because IRR(M) termediate calculations. Round your answers to two decir Project M >> IRR(N). Project N Both projects would be rejected since both of their NOUS b. Assuming the projects are indepen, 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 pattern. Why is there a conflict between NPS -Select- nd TRR te calculation round your answers to two deca d your answers to two decimal places Project M -Select- Project N: If the projects are mutually exclusive, the project Calculate payback for each with the highest positive NPV is chosen. Accept Project M: it the projects are mutually exclusive, the project Project N: with the highest positive IRR is chosen. Accept Calculate discounted paybacf the projects are mutually exclusive, the project Project M: with the highest positive MIRR is chosen Accept Project N: If the projects are mutually exclusive, the project with the shortest Payback period is chosen b. Assuming the projects are ir -Select- If the projects are mutually exclusive, the project the battle IRRARA c. tr.the projects are mutually.edule which would yawecommend Belect- tions. Round your answers to two decimal places d. Notice that the projects have the same cash flow timing patter Why is there a conflict between NPV and IRR? -Select- Round your answers to two decimal Calculate payback for e Project M: Project N: The conflict between NPV and IRR is due to the fact that the cash flows are in the form of an The conflict between NPV and IRR is due to the difference in the timing of the cash flown. ilculations. Round your answers to two decima Calculate discounted pe Project M: Project N: There is no conflict between NPV and IAR b. Assuming the projects 12 The conflict between NPV and IRR occurs due to the difference in the size of the projects c. If the projects are muti -Select- The conflict between NPV and IRR is due to the rate d. Notice that the projects have the same ca ning pattam Why is there a conflict between NPV and IRR? -Select