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Exercise 24-15A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a

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Exercise 24-15A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments Project A $ (160,000) Project B (105,000) Initial investment Expected net cash flows in year: 40,000 56,000 80, 295 90,400 65,000 32,000 50,000 66,000 72,000 24,000 4 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR Project A Project B

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