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Q3.(10 Points) CAPITAL BUDGETING CRITERIA A firm with a 9% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation,

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Q3.(10 Points) CAPITAL BUDGETING CRITERIA A firm with a 9% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows: Project M -30000 12000 12000 2000 10000 10000 Project N -65000 28000 28000 34000 28000 28000 . Calculate NPV, IRR, MIRR, payback, and discounted payback for each project. Assuming the projects are independent, which one(s) would you recommend? If the projects are mutually exclusive, which would you recommend

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