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	-1,100		660		380		290		340
Project B	-1,100		260		315		440		790

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

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

If the projects were independent, which project(s) would be accepted? -Select-NeitherProject AProject BBoth projects A and BCorrect 1 of Item 3 If the projects were mutually exclusive, which project(s) would be accepted? -Select-Neither Project AProject BBoth projects A and BCorrect 2 of Item 3