Ch 11: End-of-Chapter Problems The Basics of Capital Budgeting A firm with a 11% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows: 0 1 2 3 4 S Project M $9,000 $3,000 $3,000 $3,000 $3,000 $3,000 Project N -$27,000 $8,000 $8,400 $8,400 $8,100 $8,400 a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent Project M: $ Project N:$ Calculate TRR for each project. Do not round Intermediate calculations. Round your answers to two decimal places. Project M: Project N 96 Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places Project M Project 36 Calculate payback for each project. Do not round Intermediate calculations. Round your answers to two decimal places Project M: Years Project N: years calculate discounted payback for each project. Do not round Intermediate calculations. Round your answers to two decimal places Project M Years a