Britney Javelin Company is considering two investments, both of which cost $24,000. The cash flows are as follows: Use Appendix Band Appendix D 1 2 3 Project $9,000 10,000 10,000 Project $3,000 9,000 15,000 a. Calculate the payback period for project Mand project N. (Round the final answers to 2 decimal places.) Payback period Project Project years years b-1. Calculate the NPV for project Mand project N. Assume a cost of capital of 8 percent. (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar) e present value Project Project N b.2. Which of the two projects should be chosen based on the NPV method? Project M O Project N