Saved Britney Javelin Company is considering two investments, both of which cost $12,000. The cash flows are as follows: Use Appendix Band Appendix D. Year 1 2 3 Project M $5,000 5,800 6, eee Project N $4,000 4 , 11,000 8:56 o. Calculate the payback period for project Mand project N. (Round the final answers to 2 decimal places.) Project M Project N Payback period years years b-1. Calculate the NPV for project M and project N. Assume a cost of capital of 8 percent. (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar.) Net present value Project Project N b-2. Which of the two projects should be chosen based on the NPV method? O Project M O Project N O Both Prey 1 of 5 Next >