CAPITAL BUDGETING CRITERIA 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 3 4 Project M $12,000 $4,000 $4,000 $4,000 $4,000 $4,000 Project N $36,000 $11,200 $11,200 $11,200 $11,200 $11,200 a. Calculate NPV for each project. Round your answers to the nearest cent. Do not round your intermediate calculations Project M Project N 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 years years years