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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 Will have a three-year useful life, will cost $6,834.50, and will generate expected cash inflows of $2.700 per year. The second investment is expected to have a useful life of four years, will cost $11,654.85, and will generate expected cash inflows of $4,000 per year. Assume that V\&K has the funds available to accept only one of the opportuniues (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 imvestment opportunity Note: Do not round intermediate calculations

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