C. If the projects are mutually exclusive, which would you recommend?

D. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR?

Please answer all parts of question. Please also provide explanation and formulas used to get the answers so I have a better understanding.

CAPITAL BUDGETING CRITERIA A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows are as follows: 3 4 Project M Project N -$30,000 $90,000 $10,000 $28,000 $10,000 $28,000 $10,000 $28,000 $10,000 $28,000 $10,000 $28,000 a. Calculate NPV, IRR, MIRR, payback, and discounted payback for each project. b. Assuming the projects are independent, which one(s) would you recommend