CAPITAL BUDGETING CRITERIA

A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows:

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Project M	-$3,000	$1,000	$1,000	$1,000	$1,000	$1,000
Project N	-$9,000	$2,800	$2,800	$2,800	$2,800	$2,800

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 years Project N years

Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M years Project N years