The net present value (NPV) method estimates how much a potential project will contribute to select project addis; and added value means a t stock price. In equation form, the NPV is defined as: and it is the best selection criterion. The elect the NPV, the more value the CF is the expected cash flow at Time is the project's risk-adjusted cost of capital and N is its life, and cash outflows are treated as negative cash flows. The NPV calculation assumes that cash inflows can be reinvested at the project's risk-adjusted when the firm is considering independent projects, the project's NPV exceeds were the firm should Select the project. When the firm is considering mutually exclusive projects, the should accept the project with the NPV. Quantitative Problem: Bellinger Industries is considering two projects for indusion 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, savage 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 8%. 270 Project 1 000 20 0 370 what is Project A r ound intermediate calculations. Round your answer to the nearest cent What is d e calculation Round your answer to the nearest cent If the projects were mutually exclusive, which project(s) would be accepted