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 $7\%.$

What is Project A$\text{'}$s MIRR? Do not round intermediate calculations. Round your answer to two

decimal places.

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Review the MIRR equation.

The solution for MIRR is a percentage rate not a dollar value.

Review the NPV equation definition.

Don't discount the Year $0$ cash flow since its PV is simply $-1,500.$

The MIRR calculation is dependent on the firm's WACC.

What is Project B$\text{'}$s MIRR? Do not round intermediate calculations. Round your answer to two

decimal places.

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