Question: 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

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 table  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%.

 

 01234
           
Project A-1,050600360300290
Project B-1,050200295450740

 

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.

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