with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows: a. Calculate NPV for each project. Do not round intermediate calculations. Round your answers to the nearest cent. Project M: $ Project N: $ Calculate IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: Project N: Calculate MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Project M: Project N: Calculate payback for each project. Do not round intermediate calculations. Round your answers to two decimal places. ProjectM:ProjectN:yearsyears Calculate discounted payback for each project. Do not round intermediate calculations. Round your answers to two decimal places. \begin{tabular}{l|l} Project M: & years \\ Project N: & years \end{tabular} b. Assuming the projects are independent, which one(5) would you recommend? -sesect only Frovect u wosts be accepted becaule c. If the projects are mutually exclusive. which would you recommend? 4 select At the profect are mitudiby excluslve, the prefect with the highest positive NPV is chosen. Accept Project N. 6. Mhe projectrare mutually erclusive, the progect with the highest positive lifa is choson. Accept Project M. in NPV and IR (i) the projects are mutuality exclusive, the brolect with the highest positive MisR is chosen. Accept Projoct M. it the orojects are mictually, exclusive, the project with the shortest Paybeck Period is chosen. Accept Project M. if the propects Gre mutuaty exclusive, the project with the highest positive iar is chosen. Acceot Project N. d. Notice that the projects have the same cash flow timing pattern. Why is there a conflict between NPV and IRR