Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and 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 12%. Project A -1,110 790 350 250 300 Project B -1,110 390 285 400 750 What is Project A's IRR? Do not round intermediate calculations. Round your answer to two decimal places % What is Project B's IRR? Do not round intermediate calculations. Round your answer to two decimal places 90 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? -Select- The reason is Select Reinvestment at the select is the superior assumption, when mutually exclusive projects are evaluated the -Select approach should used for the capital budgeting decision