XYZ Corporation is considering two different investment opportunities. Project M requires an initial outlay of $1,500,000 and is expected to generate cash inflows of $500,000 annually for five years. Project N requires an initial investment of $2,000,000 and is anticipated to produce cash inflows of $650,000 each year for four years. Assuming a discount rate of 10%, calculate the NPV and IRR for each project. Additionally, discuss the potential risks associated with each project and any strategic alignment considerations that might impact the decision.