Blossom Corporation is considering two alternative investments in excavating equipment.

Investment A requires an initial investment of $$183,500,$ has positive cash flows of $$27,300$ per

year, and has an estimated salvage value of $$20,600.$ Investment B requires an initial investment

of $$234,200,$ has positive cash flows of $$32,600$ per year, and has an estimated salvage value of

$$18,700.$ Each piece of equipment is expected to have a $12-$year useful life. Use Excel or a financial

calculator to determine the internal rate of return of each project to decide which is more

desirable. $($Round answers to $2$ decimal places, e$.$g$.9\mathrm{.}74\%.)$

s more desirable.