PLEASE ANSWER ALL PARTS, SHOW WORK AND DOUBLE CHECK EVEYTHING.

b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend? -Select- d If the projects are mutually exclusive, the project with the highest positive NPV is chosen. Accept Project N. If the projects are mutually exclusive, the project with the highest positive IRR is chosen. Accept Project M. If the projects are mutually exclusive, the project with the highest positive MIRR is chosen. Accept Project M. If the projects are mutually exclusive, the project with the shortest Payback Period is chosen. Accept Project M. If the projects are mutually exclusive, the project with the highest positive IRR is chosen. Accept Project N. -Select- The conflict between NPV and IRR is due to the fact that the cash flows are in the form of an anuity. The conflict between NPV and IRR is due to the difference in the timing of the cash flows. There is no conflict between NPV and IRR. The conflict between NPV and IRR occurs due to the difference in the size of the projects. The conflict between NPV and IRR is due to the relatively high discount rate. a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent. Project M: \$ Project N: \$ Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: % 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