Bell 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 similar to the firm's average project. Bell WACC is 7%.

	0	1	2	3	4
Project A	-1,150	650	375	290	340
Project B	-1,150	250	310	440	790

What are the two projects NPVs, IRRs, MIRRs?

Do not round your intermediate calculations. Round your answer to two decimal places.

Project A's NPV is equal to $_______

Project B's NPV is equal to $________

Project A's IRR is equal to ______%

Project B's IRR is equal to ______%

Project A's MIRR is equal to ______%

Project B's MIRR is equal to _______%

If the projects were independent, which project(s) would be accepted? _______ (A/B/both)

If the projects were mutually exclusive, which project(s) would be accepted? ____ (A/B/both)