irm with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including deprecation, are as follows: 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 Mi Project N: Calculate MinR for ench project. Do not round intermediate calculotions, Round your answers to who decimat phoces. Project M: Project N: \% Calculate payback for each project. Do not round intermediate calculations. Round your aniswers to two decimat places. Project Mi years Project N: years Project M: Project N: Calculate payback for each project. Do not round intermediate calculations. Round your answers to two decimal places: \begin{tabular}{ll} Project M: & years \\ Project N: & years \\ \hline \end{tabular} Calculate discounted payback for each project. Do not round intermediate calculations, Round your answers to two decimal places. b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend? d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRRR