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 -900 320 380 310 Project A Project B 500 430 -900 315 395 400 What is Project Delta's IRR? Do not round intermediate calculations. Round your answer to two decimal places. % What is the significance of this IRR? It is the -Select- after this point when mutually exclusive projects are considered there is no conflict in project acceptance between the NPV and IRR approaches. Review the graphs below. Select the graph that correctly represents the correct NPV profile for Projects A and B by using the following drop down menu. -Select- NPV Profiles A NPV Profiles B NPV Profiles C NPV Profiles D INPV (5) 600 NPV (5) INPV ($ INPV (5) 600 600 600 500+ 5001 500 400 400 400 300 300 300 2007 100 5001 4001 300 2001 100 200 200 100 100 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 ++ 30 25 -100 -2001 Cost of Capital Cost of Capital Cost of Capital Cost of Capital (% -100 -200 -3001 -4001 -100 -2001 -3001 -4001 -1001 -2001 -3001 -4001 -300 -4001