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 9%.

	0		1		2		3		4
Project A	-1,190		640		315		280		330
Project B	-1,190		240		250		430		780

What is Project A's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is Project B's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$

If the projects were independent, which project(s) would be accepted?

-Select-NeitherProject AProject BBoth projects A and BCorrect 1 of Item 3

If the projects were mutually exclusive, which project(s) would be accepted?

Quantitative Problem: Be linger Lndustries is considering two projects for incluslon in its capital budget, and you have been asked to do the analysis. Both projects' after-fax cash Alsws are shown c the time line below. Deprecivtion, salvoge values, net operating working capital requirements, and tax effects are all included in these cash fows, Both projects have 4year ives, and they have risk: characteristics sim4ar to the firm's average project. Belinger's wacc is 9%. What is Eroject AYs NPY? Do not round intermedlate colculations. Round your answer to the nearest cent. 5 What is Project B's NPV? Do not round intermediate calculotions. Round your answer to the nearest cent. If the projects wern independenf, which project(e) would be accepted? If the projects were mutually exdusive, which projectof would be accepted