required return on this low-risk stock is 9.00%, what is the best estimate of the stock market value? CAPITAL BUDGETING CRITERIA A firm with a 14% WACC is evaluating two projects for year's capital budget. After-tax cash flows, including depreciation, are as follows: Project M $30,000 $10,000 $10,000 $10,000 $10000 $10,000 Project N-90,000 $28,000 $28,000 $28,000 $28,000 $28,000 a. Calculate NPV, IRR, MIRR, b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend? d. Notice that the projects have the same cash flow timing pattern. Why is there a for each project. conflict between NPV and IRR? F4 PrtScn Home ind F6 F7 F8 7 9