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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

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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 Project N 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: % Prolect N : \% Calculate payback for each project. Do not round intermedlate 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 : vears Prolect N : years b. Assuming the projects are independent, which one(s) would you recommend

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