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 12%. 0 1 2 3 4 Project A -1,150 650 320 270 390 Project B -1,150 250 255 420 840 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- would be accepted. If the projects were mutually exclusive, which project(s) would be accepted according to the IRR method? would be accepted. -Select- Neither project Project A Project B Both projects A and B ct with project acceptance between the NPV and IRR approaches when projects are mutually exclusive