h 11: Homework Problems - The Basics of Capital Budgeting Quantitative Problem: Bellinger Industries is conslitering two propects for inclusion in its capital budget, and you have been asked to do the analysifs. Both projects' after-tax cash flows are shown on the time line below. Depreciation, setvage values, net operating working capital recuirements, and tax effects are all included in these cash ilews, Both projects have 4-year lives, and they hayet risk characteristics stmilar to the firm's average project. Betknger's Whoc is 1296