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Problem 11-7 Capital budgeting criteria A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation,

Problem 11-7 Capital budgeting criteria

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 1 2 3 4 5
Project M -$12,000 $4,000 $4,000 $4,000 $4,000 $4,000
Project N -$36,000 $11,200 $11,200 $11,200 $11,200 $11,200

Calculate NPV for each project. Round your answers to the nearest cent. Do not round your intermediate calculations. Project M __ $ Project N __ $

Calculate IRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M __ % Project N __ %

Calculate MIRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M __ % Project N __ %

Calculate payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M __ years Project N __ years

Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M __ years Project N __ years

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