The net present Value (NPV) method estimates how much a potential project will contribute to select and it is the best selection criterion. The Select the NPV, the more value the project adds, and added value means a sec stock price. In equation form, the NPV is defined as CF NPV - CF + 6 + + + CR is the expected cash flow at Timet, is the project's risk-adjusted cost of capital, and is its life, and cash outflows are treated as negative cash flows. The NPV calculation assumes that cash infows can be reinvested at the project's kadjusted When the firm is considering independent projects, if the project's NPV exceeds zero the firm should select the project. When the firm is considering mutually exclusive projects, the firm should accept the project with the end NP. Quantitative Problemi 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. Deprecation, 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. Beltinger's WACC is 8%. 0 440 Project A 600 400 290 340 Project .950 200 335 790 What is Project A NPV? Do not found intermediate calculations, Round your answer to the nearest cont 5 What Projects NVI Do not round intermediate catevations, Round your answer to the nearest cent 5 If the projects were independent, which project(s) would be accepted? If the projects were mutually exclusive, which project(s) would be accepted? -Set