eBook 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: 0 Project M -$24,000 $8,000 $8,000 $8,000 $5,000 $8,000 Project N $72,000 $22.400 $22,400 $22.400 $22.400 $22,400 a. Calculate NPV for each project. Do not round Intermediate calculations. Round your answers to the nearest cent. Project M Project NE 5 Calculate IRR for each project. Do not round Intermediate calculations, Round your answers to two decimal places Project M 96 Project N Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places Project M % Project N: % 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 Project N years b. Assuming the projects are independent, which one(s) would you recommend? -Select Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: % Project N: % 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 Project N: years b. Assuming the projects are independent, which one(s) would you recommend? Select c. If the projects are mutually ereclusive, which would you recommend? Select- d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR? -Select