project size (the cost of one project is larger than the other). When mutually exclusive projects are considered, then the NPV v method should be used to evaluate projects 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 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 3 Project A Project B - 1.200 1,200 630 230 330 265 290 440 350 800 What is Project AS IRR? Do not round intermediate calculations, Round your answer to two decimal places 9 What is Project B'S TRR? Do not round intermediate calculations. Round your answer to two decimal places If the projects were independent, which project(s) would be accepted according to the IRR method? Select If the projects were mutually exclusive, which project(s) would be accepted according to the IRR method? Select Could there be a conflict with project acceptance between the NPV and IRR approaches when projects are mutually exclusive