Exercise 10-10A (Algo) Using the Internal rate of return to compare Investment opportunitles LO 10-3 Velma and Keota (V\&K) is a partnership that is considering two alternative investment opportunities. The first investment opportunity will have a five-year useful life, will cost $7,476.53, and will generate expected cash inflows of $2,500 per year. The second investment is expected to have a useful life of three years, will cost $7,445.68, and will generate expected cash inflows of $3,100 per year. Assume that V\&K has the funds available to accept only one of the opportunities. (PV of \$1 and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Required a. Calculate the internal rate of return of each investment opportunity Note: Do not round intermediate calculations. b. Based on the internal rates of return, which opportunity should V\&K select