A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, induding depreciation, are as follows: 0 1 2 3 4 5 Project M Project N -$12,000 $4,000 $4,000 $4,000 $4,000 $4,000 -$36,000 $11,200 $11,200 $11,200 $11,200 $11,200 a. Calculate NPV for each project. Round your answers to the nearest cent. Do not round your intermediate calculations. Project M $ Project N$ Calculate IRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations Project M % Project N % 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 Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations, Project M Project N b. Assuming the projects are independent, which one's) would you recommend? years years years -Select- Calculate IRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M % Project N % 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 Project N years years Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermediate calculat 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? -Select d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR? Select- Grade it Now Save & Continue Continue without saving of