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 9%.

Part A. What is Project As IRR? Do not round intermediate calculations. Round your answer to two decimal places. (%)

Part B. What is Project B's IRR? Do not round intermediate calculations. Round your answer to two decimal places. (%)

Part C. Could there be a conflict with project acceptance between the NPV and IRR approaches when projects are mutually exclusive? (Yes or No)

Part D. The reason is:

**Will Rate- Thanks!

2 4 310 245 400 Project A1,300 640 Project B -1,300240 280 430 850