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 11%.

	0	1	2	3	4
Project A	-1,050	600	360	300	290
Project B	-1,050	200	295	450	740

What is Project As IRR? Do not round intermediate calculations. Round your answer to two decimal places.

What is Project Bs IRR? Do not round intermediate calculations. Round your answer to two decimal places.