Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A Project B Initial investment $ (170,000) $ (115,000) Expected net cash flows in: Year 1 42,500 34,500 Year 2 58,500 52,500 Year 3 82,795 68,500 Year 4 92,900 68,500 Year 5 67,500 68,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.)
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