Billabong Tech uses the intemal rate of retum (IRR) to select projects. Calculate the IRR for each of the following projects and recorimend the best project based on this measure. Project T-Shirt requires an initial investment of $26,000 and generates cash intsows of $9,000 per year for 7 years. Project Board $. produces cash inflows of $12,000 per year for 8 years. The IRR of peoject T-Shirt is (Round to two decimal places) The URR of prolect Board Shorth is 5-(Round to tho docimat placos) Based on the intemal rate of return, which project chould the firm choose? (Solect the best anower below) Pigect tolord stiont: Project T-Shint Billabong Tech uses the intemal rate of retum (IRR) to select projects. Calculate the IRR for each of the following projects and recorimend the best project based on this measure. Project T-Shirt requires an initial investment of $26,000 and generates cash intsows of $9,000 per year for 7 years. Project Board $. produces cash inflows of $12,000 per year for 8 years. The IRR of peoject T-Shirt is (Round to two decimal places) The URR of prolect Board Shorth is 5-(Round to tho docimat placos) Based on the intemal rate of return, which project chould the firm choose? (Solect the best anower below) Pigect tolord stiont: Project T-Shint