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 timeline 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 9%.

	0		1		2		3		4
Project A	-1,070		640		360		210		260
Project B	-1,070		240		295		360		710

What is Project A's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is Project B's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$

If the projects were independent, which project(s) would be accepted?

If the projects were mutually exclusive, which project(s) would be accepted?