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 3 4 385 330 Project A Project B -1,050 -1,050 610 210 290 440 320 780 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. % 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 eptance between the NPV and IRR approaches when projects mutually exclusive? -Select- The reason -Select- the NPV and IRR approaches use the same reinvestment rate assumption and so both approaches reach the same project acceptance when mutually exclusive projects are the NPV and IRR approaches use different reinvestment rate assumptions and so there can be a conflict in project acceptance when mutually exclusive projects are Reinvestmer he capital budgeting decision. Reinvestment at the -Select- is the superior assumption, so when mutually exclusive projects are evaluated the -Select- vapproach should be used for the capital budgeting decision