A firm with a 13% WACC is evaluating two projects or this year's capital budget. Arter-tax cash nows, including depreciation, are as follows: Project M $6,000 $2,000 $2,000 $2,000 $2,000 $2,000 Project N $18,000 $5,600 $5,600 $5,600 $5,600 $5,600 a. Calculate NPV for each project. Round your answers to the nearest cent. Do not round your intermediate calculations Project M Calculate IRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M Project N Calculate MIRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations Project M Project N Calculate payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations Project M Project N Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations Project M Project N years sars b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exdlusive, which would you recommend? d. Notice that the projects have the same cash low timing pattern. Why is there a conflict between NPV and IRR