\(N=\left(2+1\right)\left(2^2+1\right)\left(2^4+1\right)\left(2^8+1\right)=\left(2-1\right)\left(2+1\right)\left(2^2+1\right)\left(2^4+1\right)\left(2^8+1\right)=\left(2^2-1\right)\left(2^2+1\right)\left(2^4+1\right)\left(2^8+1\right)=2^{16}-1< 2^{16}=M\)
\(N=\left(2+1\right)\left(2^2+1\right)\left(2^4+1\right)\left(2^8+1\right)\\ N=\left(2-1\right)\left(2+1\right)\left(2^2+1\right)\left(2^4+1\right)\left(2^8+1\right)\\ N=\left(2^2-1\right)\left(2^2+1\right)\left(2^4+1\right)\left(2^8+1\right)\\ N=\left(2^4-1\right)\left(2^4+1\right)\left(2^8+1\right)\\ N=\left(2^8-1\right)\left(2^8+1\right)=2^{16}-1< 2^{16}=M\)