Following the definiton of projection matrix

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We know a square matrix $A$ that gives vector space projection from $R^n$ to its subspace, say, $V$ is indeed a projection matrix if $A^2 = A$.

If I had, for example, a square matrix $B$ which satisfies $B^3 = B$:

  • Would $B$ be still considered a valid projection from $R^n$ to a subspace, say, $W$?
  • If not, would $B^2$ be a projection from $R^n$ to its own corresponding subspace?

Thank you in advance for any commentary.