Chapter 11 Fast Firm Cayman Islands is considering investment in two projects for the 2020 capital budget. The after tax cash flows, including depreciation are listed below for both projects. Project M Project N Cash Outlay (t=0) ( $24,000) ($72,000) 1 8000 22,400 2 8000 22,400 3 8000 22,400 4 8000 22,400 5 8000 22,400 You are required to do the following: a. Calculate the NPV, IRR, MIRR, Payback and discounted payback for each project. (20 Points)