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9. Baldwin Enterprises is considering investing in one of two capital investment opportunities and you have been asked to evaluate the two alternatives. The first

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9. Baldwin Enterprises is considering investing in one of two capital investment opportunities and you have been asked to evaluate the two alternatives. The first investment opportunity costs $176,150 and will provide additional revenues of $35,000 for the next 7 years. The second investment opportunity costs $172,050 and will result in cost savings of $28,000 per year for the next 10 years. Required: a. What is the internal rate of return for each capital investment opportunity to the nearest whole percentage? b. Which investment alternative is preferable given the information that is provided and why

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