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A firm with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows: 0 1

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A firm with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows: 0 1 2 3 5 Project M -$12,000 $4,000 $4,000 $4,000 54,000 $4,000 Project N -$36,000 $11,200 $11,200 $11,200 $11,200 $11,200 a. Calculate NPV for each project. Do not round Intermediate calculations. Round your answers to the nearest cent. Project M: $ Project N: 5 Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places Project M: Project N: 3 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 x x 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

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