Shoad be used to evaluate projects. Quantitative Problem Bellinger Industries is considering two projects for indusion 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 hav 4-year lives, and they have risk characteristics similar to the firm's average project. Bellinger's WACC is 9%. 1,100 360 270 Project B 1,100 200 295 420 What is Project A's IRR? Do not round intermediate calculations. Round your answer to two decimal places. 2.89 3% Show All Feedback what is Project B's IRR? Do not round intermediate calculations. Round your answer to two decimal places. Hide Feedback