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 1 2 3 4 705 360 200 310 Project A Project B -1,050 -1,050 320 305 400 655 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- after this point when mutually exclusive projects are considered there is no conflict in project acceptance between the NPV and IRR approaches. Review the graphs below. Select the graph that correctly represents the correct NPV profile for Projects A and B by using the following drop down menu. -Select- NPV Profiles A NPV Profiles B INPV (5 INPV ($ 600+ 5001 600 5001 400+ 400 300 3001 200 200 100 100 5 10 15 20 30 5 10 15 25 30 -100 Cost of Capital% Cost of Capital -2001 -1001 -2001 -300 -4001 -3001 -400+ NPV Profiles C NPV Profiles D NPV (5) INPV (5) 600 600 500 500 4007 400 3001 3001 2001 2007 100 1001 5 10 15 20 25 30 5 10 15 20 25 30 -1007 -100 Cost of Capital %) Cost of Capital% -2001 -300 -4001 -2001 -3001 -4001