A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 Project X -$1,000 $100 $300 5430 $750 Project Y $1,000 $1,100 $100 545 $45 The projects are equally risky, and the WACC . What is the MERR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects after-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year lives, and they have risk characteristics simlar to the firm's average project. Selinger's WACC is 7. 0 1 2 3 1 1 Project A -1,150 610 375 230 280 Projects -1,150 210 310 360 730 What is Project A's NPV? Do not round Intermediate calculations. Round your awer to the nearest cent. Show All Feedback What is Project B's NPV? Do not round Intermediate calculations. Round your answer to the nearest cent