A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate internal rate of return. Alpha Project Beta Project B. Make a recommendation on which one to accept. the car or replace it with a new car. Pompeii's has put together the following budgetary items: \begin{tabular}{lrr} & Present Car & New Car \\ \hline Purchase cost new & $31,000 \\ Transmission and other repairs & $8,000 & \\ Annual cash operating cost & 13,000 & 11,000 \\ Fair market value now & 6,000 & \\ Fair market value in five years & 500 & 6,000 \end{tabular} using a discount rate of 15%. (Click here to see present value and future value tables) A. Calculate the NPV on both Cars. Round your present value factor to three decimal places and the rest to nearest dollar. Present Car $ New Car $ B. What should Pompeii's do? Pompeii's should A. Compute the IRR for both projects using the IRR spreadsheet function