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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 parthership that is considering two

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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 parthership that is considering two alternative investment opportunities. The first investment opportunity will have a three-year useful life, will cost $9,447.54, and will generate expected cash inflows of $3,600 per year. The second investment is expected to have a useful life of five years, will cost $13,058.33, and will generate expected cash inflows of $3,100 per year. Assume that V\&K has the funds avallable to accept only one of the opportunitles. (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

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