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:

0

1

2

3

4

5

Project M	-$27,000	$9,000	$9,000	$9,000	$9,000	$9,000
Project N	-$81,000	$25,200	$25,200	$25,200	$25,200	$25,200

1. 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: _____%

   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 places.

   Project M: ____ years

   Project N: ____ years