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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: Project M

image text in transcribed 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: Project M $30,000$10,000$10,000$10,000$10,000$10,000 Project N $90,000$28,000$28,000$28,000$28,000$28,000 a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent. Project M:$ Project N:$ Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project 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 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? -Select

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