Question: A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are Project M Project N

 A firm with a 14% WACC is evaluating two projects for

A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are Project M Project N 0 1 2 3 4 5 H + -$15,000 $5,000 $5,000 $5,000 $5,000 $5,000 -$45,000 $14,000 $14,000 $14,000 $14,000 $14,000 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 calculation Project M Project N % Calculate payback for each project. Round your answers to two decimal places. Do not round your intermediate calculat Project M years Project N years Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermed 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? -Salert

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