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. Balinger's WACC is 9% 0 1 2 310- Project A Project -1,300 -1,300 640 240 280 430 400 850 245 What is Project A's IRR? Do not round Intermediate calculations, Round your answer to two decimal places What is Project B's IRRY Do not round intermediate calculations, Round your answer to two decimal places, If the projects were independent, which project(s) would be accepted according to the IRR method? at the projects were mutuany exclusive, which project(s) would be accepted according to the IRR method? Select Could there be a conflict with project acceptance between the NPV and IRR approaches when projects are mutually exclusive? The reason is Reinvestment at the feed is the superior assumption, so when mutually exclusive projects are evaluated the select approach should be used for the capital budgeting decision