Quantitative Problem: Bellinger Industries is considering two projects for indlusion in its capital budget, and you have been asked to do the analysis. Both projects' ater-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax emects are all included in tiese cash flows. Both projects have 4-year lives, and they have risk daracteristics similar to the Firm's average project Bellinger's WACC B 11% Project A ,300 a00 Project B 1300 400310 445 755 What is Project A's IRR? Do not round intermediate calculations. Round your answer to two decirnal places What is Project B's IRR? Do not round intermediate calculations. Round your answer to two decimal places. tr the projects were independent, which project (s) would be accepted according to the TRR methed r the projects were mutualy exclusive, which project(s) would be accepted according to the IRR method? Could there be a conflict with project acceptance between the NPVand IRR approaches when projects are mutually exclusive? SelectY The reason is-Sclect- Reinvestment at the Select is the superior assumption, so when mutually exclusive pra ects are evaluated the Select approach should be used for th capital budgeting decision