$\backslash$table$[[\backslash$table$[[$Frepeot $3],[$Fre$/4$et IM$]],\backslash$table$[["717\mathrm{.}200],[54,600]],84,400,44,090,84,400,84,460],[,\backslash$table$[[4\mathrm{.}46/060],[411,206]],411\mathrm{.}104,811,200,111,200,111\mathrm{.}309]]$

Frepecthis $$

Frepert N $$

Projest M: $*$

Fespect Mil $*$

Project M: $*$

Arejert is $*$

Mo$/$set A : $$ Pars

Anviset in $$ veers

Froject H: $$ vew

Anspect in $$ pans

$$

$6.$ If ine projects ave mofusly endluvek, which would pou moomment?

Project N: $ $$

Calculate IRR for each project. Do not round intermediate calculations. Round your aniwers to two decimal places.

Froject M: $\%$

Project N: $\%$

Calcutate NTRR for each project. Do not round intermediate calculations. Round your andwers to two decimal places.

Preject M: $*$

Project Ni $*$

Calculate peyback for sach profect. Do not round intermediate calculations. Round your anawers to twe decimal places.

Project MI $$ years

Project N: $$ yeart

Calculate dicounted payback for each project. De not round intermediate calculationa. Round your answers to two decimal places.

Project M: $$ years

Project N: $$ yesrs

b$.$ Assuming the projects are independent, which one$($s$)$ would you recommend?

$$

c$.$ If the projects are mutually exclurive, which would you recommend?

$$

d$.$ Notice that the projects have the same cash flow timing pattern. Why is there a confict between NPV and IRR?

S$-$select$-$