TING CRITERIA Alem with 14 WACC is evaluating the projects for this year's capital budget. Aportaxes, including depreciation areas follows 2 3 1 5 Project Project N -59.000 55.000 - $27,000 $3,400 $3,000 $8.400 $3.000 50,400 $3,000 $3,000 58.400 18.400 % a. Calculate NPV for each project. Round your answers to the nearest cont. Do not round your intermediate calculations. Project M Project NS Calculate IRR for each project. Round your answers to two decimal places. Do not round your intermediate calculations. Project M Project N Calculate MERR 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 36 96 Project N years years Calculate discounted payback for each project. Round your answers to two decimal places. Do not round your intermediate calculatio Project M years Project years b. Assuming the projects are independent, which one(s) would you recommend? -Select- c. If the projects are mutually exclusive, which would you recommend? -Select d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR? select- C b. Assuming the projects are independent which one(s) would you recommend? -Select- -Select Both projects would be accepted since both of their NPV's are positive. Only Project M would be accepted because IRR(M) > IRR(N) d. Both projects would be rejected since both of their NPV's are negative. s there a con Only Project M would be accepted because NPV(M) > NPV(N). Only Project N would be accepted because NPV(N) > NPVM). c. If the projects are mutually exclusive, which would you recommend? Select -5 d. it the projects are mutually dusive, the project with the shortest Payback period is chosen Accept Project M IT the projects are mutually exclusive, the project with the highest positive IRR is chosen Accept Project If the projects are mutually exclusive, the project with the highest positive NPV is chosen Accept Project IT the projects are mutually endive, the project with the highest positive this chosen compt Project M Ir the projects are mutually exclusive, the project with the highest postiv MIRR I chosen Accept Product M d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR? Select- -Select The cold between NPV and IRR OC due to the difference in the sue of the projects The connect between NPV and is due to the relatively high discount The connetween NPV and IRR is due to the fact that the cash nows are in the form of an annuity, The conflict between NPV and Ris due to the difference in the timing of the show There is no condict between NPV and Grade it Now Save & Continue Continue without saving