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:

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Project M $-$$$24,000$ $$8,000$ $$8,000$ $$8,000$ $$8,000$ $$8,000$

Project N $-$$$72,000$ $$22,400$ $$22,400$ $$22,400$ $$22,400$ $$22,400$

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

Assuming the projects are independent, which