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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

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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 WOr have a five-year useful life, will cost $10.113.09, and will generate expected cash inflows of $2.600 per yeat. The second investment 15 expected to have a useful life of four years, will cost $9,906.62, and will generate expected cash inflows of $3,400 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 foctoris) 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 refurn, Which opportunity should V\&K seject

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