Exercise 10-10A (Algo) Using the internal rate of return to compare investment opportunities 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 four-year useful life, will cost $12,341.64, and will generate expected cash inflows of $3,400 per year. The second investment is expected to have a useful life of three years, will cost $5,839.31, and will generate expected cash inflows of $2,600 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