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

	0		1		2		3		4
Project A	-1,170		640		385		270		320
Project B	-1,170		240		320		420		770

1. What is Project A's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$ ________

2. What is Project B's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$ ________

3.If the projects were independent, which project(s) would be accepted?

-Select-Neither project, Project A, Project B, or Both projects A and B

4. If the projects were mutually exclusive, which project(s) would be accepted?

-Select-Neither project, Project A, Project B, o Both projects A and B

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 similar to the firm's average project. Bellinger's WACC is 10%.

	0		1		2		3		4
Project A	-1,200		630		330		290		350
Project B	-1,200		230		265		440		800

5. What is Project As IRR? Do not round intermediate calculations. Round your answer to two decimal places.

_____ %

6. What is Project B's IRR? Do not round intermediate calculations. Round your answer to two decimal places.

_____ %

7. If the projects were independent, which project(s) would be accepted according to the IRR method?

-Select-Neither project, Project A, Project B, Both projects A and B

8. If the projects were mutually exclusive, which project(s) would be accepted according to the IRR method?

-Select-Neither project, Project A, Project B, or Both projects A and B

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 similar to the firm's average project. Bellinger's WACC is 11%.

	0		1		2		3		4
Project A	-1,100		590		360		220		280
Project B	-1,100		230		300		360		700

9.What is Project Delta's IRR? Do not round intermediate calculations. Round your answer to two decimal places.

_____ %

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 similar to the firm's average project. Bellinger's WACC is 9%.

	0		1		2		3		4
Project A	-1,350		700		450		210		260
Project B	-1,350		300		385		360		710

10. What is Project A's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

______ %

11. What is Project B's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

______ %

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 similar to the firm's average project. Bellinger's WACC is 10%.

	0		1		2		3		4
Project A	-1,000		700		430		260		310
Project B	-1,000		300		365		410		760

12. What is Project A's payback? Do not round intermediate calculations. Round your answer to four decimal places.

______ years

13. What is Project A's discounted payback? Do not round intermediate calculations. Round your answer to four decimal places.

______ years

14. What is Project B's payback? Do not round intermediate calculations. Round your answer to four decimal places.

______ years

15. What is Project B's discounted payback? Do not round intermediate calculations. Round your answer to four decimal places.

______ years