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

4

5

Project M	-$15,000	$5,000	$5,000	$5,000	$5,000	$5,000
Project N	-$45,000	$14,000	$14,000	$14,000	$14,000	$14,000

1. 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