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A firm with a 14% WACC is evaluating two projects for this years capital budget. After-tax cash flows are as follows: Project M: Year 0

A firm with a 14% WACC is evaluating two projects for this years capital budget. After-tax cash flows are as follows:

Project M:

Year 0 FCF: -30million

Year 1 FCF: 12million

Year 2 FCF: 12 million

Year 3 FCF: 16million

Year 4 FCF: 16 million

Project N:

Year 0 FCF: -27million

Year 1 FCF: 11million

Year 2 FCF: 10million

Year 3 FCF: 15million

Year 4 FCF: 15.5million

Please calculate NPV, IRR, MIRR & crossover rate for each project, do not use excel.

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