m with a 14\% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, induding depreciation, are as follows: a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent. Project M: 3 Project N: 1 Calculate IRR for each project, Do not round intermediate calculations. Round your answers to two decimal places Project Mil Project N: Calculate Migr 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 roune intermediate ealeulations, Round your answers to two decimal places, Project M: years Praject N: years Celculate discounted paytiock for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M ? Vears Project N: years b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend