I need help with MIRR and discount payback

and I don't know why I'm getting this one wrong

CH 11 Search this 11 eBook 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: 1 3 4 Project M -$9.000 $3,000 $3,000 $3,000 $3.000 $3,000 Project N -$27,000 $8,400 $8,400 $8,400 $8,400 $8,400 a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent. Project M: 1551.69 Project N: 2544.74 Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: 19.86 % Project N 16.80 % Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places Project M: 7.79 Project N 4.60 % Calculate payback for each project. Do not round intermediate calculations. Round your answers to bwo decimal places Project M: 3 years Project N 3.21 years Calculate discounted payback for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M 4.13 years 4.24 years Project N: b. Assuming the projects are independent. which one(s) would you recommend? Both projects would be accepted since both of their NPV's are pasitive. c. If the projects are mutually exclusive. which would you recommend? If the projects are mutually exclusive, the project with the highest positive NPV is chosen. Accept Project N. d. Notice that the projects have the same cash flow timing pattern, Why is there a confict between NPV and IRR The conflict between NPV and IRR occurs due to the difference in the siae of the projects d Search this course CH 11 acceptance result. Quantitative Problem: Bellinger Industries is conesidering bwo projects for inckusion in its capital budget, and you have been asked to do the analysis. Both projects' after-tax cash flows are shosm on the time line below. Depreciation, salvage values, net operating worling capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year Ives, and they have risk 1 characteristics similar to the firm's average project. Belinger's WACC is 11 % . 0 1 2. 3 Project A Project B -1,100 590 360 220 280 -1,100 230 300 360 700 What is Project Delta's IRR? Do not round intermediate caloulations. Round your answer to two decimal places. 14.47 % Hide Feedback Partially Correct Check My Work Feedback Review the IRR equation The solution for TRR is a percentage rate not a dollar value. The IRR calculation is not dependent on the firm's WACC Don't forget the minus sign for the Year 0 cash flow. Don't forget to include the Year 0 cash flowe in your calculation. A Project A CFt- Project B CF. or vice versa: but once you begin the calculation you can't switch the subtraction order What is the significance of this IRR after this peint hen mutualy exclusive projects are considered there is no conflict in project accaptance batween the NPV end IRR approaches. It is the crossover rate Review the graphs belov. Select the graph that corectly represents the correct NPV profle for Proects A and B by using the following drop down menu C NDV Drofiles C 1:58 PM NDV Orofiles D6&) 12/2/2019 o search