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 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 8%. 0 Project A -1,050 705 360 310 Project B -1,050 320 305 655 What is Project Delta's IRR? Do not round intermediate calculations. Round your answer to two decimal places. What is the significance of this IRR? It is the select and IRR approaches. 200 400 after this point when mutually exclusive projects are considered there is no conflict in project acceptance between the NPV Review the graphs below. Select the correct graph that represents the NPV profile for Projects A and B. NPV Profiles A NPV Profiles B 600 500 400 300 NPV 200- 100- -100 -200 -300 -400. NPV 600 500 400 300- 200- 100 -100 -2001 -300 -400 5 10 Project A 10 15 NPV Profiles C Project A The correct graph is Select- Selects 15 25 Cost of Capital Project B 25 Cost of Captal Project B 30 600 500 400- 300- 200 100- -100 -200 -300 -400 600 500 400 300 200 100- NPV NPV -100+ -200 -300 -4001 5 5 of Project A 10 Project A 10 15 NPV Profiles D 15 20 Project B Cost of Capital 20 Cost of Capital Project B 30 + 30