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Capital Budgeting Methods - Project s HAS A COST OF $10,000 AND IS EXPECTED TO PRODUCE BENEFITS (CASH Flows) of 3,500 per uear for 5

Capital Budgeting Methods - Project s HAS A COST OF $10,000 AND IS EXPECTED TO PRODUCE BENEFITS (CASH Flows) of 3,500 per uear for 5 years. Project L costs $25,000 and is expected to produce cahs flows of $8,000 per year for 5 years. I already calculated the NPV but am stuck on IRR? Can someone help me with IRR calculations please.

Calculate the two projects IRRs. Round your answer to two decimal places. Pleas provide detailed calculations - step by step calculations so I can learn. Thank you.

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