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Exercise 24-17A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a
Exercise 24-17A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return fi its investments Project A $(188,000) Project B $(133,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 47,000 63,000 87,295 97,400 72,000 39,000 57,000 73,000 73,000 73,000 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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