Quantitative Problem: Bellinger Industries is considering two projects for inclueion in its copital 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 requiremints, 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% What is Project A's IRR? Do not round intermediate caleulations. Round your answer to two decimal places. What is Project B's IRR? Do not round intermediate caiculations. Round your answer to two decimal places. If the projects were Independent, which project(s) would be accepted according to the IRR method? If the projects were mutually exclusive, which project(s) would be accepted according to the IRR method? Could there be a confilct with project acceptance between the NPV and IRR approaches when projects are mutually exclusive? Reinvestment at the is the superior assumption, so when mutually exclusive projects are evalusted the approach should be used for the capital budgeting decision