In with a 13% wacc is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as falliows: a. Caiculate NPV for each project. Do not round intermediate calcilations. Round your answers to the nearest cent. Project M: 5 Project N: $ Calculate 1ar for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: Project N: Calculate Mias for each prosect. Do not round intermediate calculations. Aound your answers to two decimal places. Project M: Project N: \%o o peoject Do not round intermedate calculations. Round your answers to two decimal places: Calcuste discounted paybock for each profect. Oo not round intermediate calculations. Round your answers to two decimal places. Project M : years Project M: Project N: Calculate payback for each project. Do not round intermediate calculations. Round your answers to two decimal places. ProjectM:ProjectN:yearsyears Calculate discounted payback for each project. Do not found intermediate calculations. Round your answers to two decimal places. ProjectM:ProjectN:yearsyears b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend? fistect. d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR