Exercise 24-20A (Algo) IRR for investment using Excel LO P4 Optilux is considering investing in an automated manufacturing system. The system requires an initiat investment of 56.5 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will stive $880.000 per year in direct labor costs. The company requires a 11% return from its investments. Using Excel, compute the internal rate of return for the proposed investment. (Round your answer to 2 decimai places.) Exercise 24-22A (Algo) Using Excel to compute IRR LO P4 Following is information on two alternative investments. Beachside Resort is considering bullding a new pool or spa. The company requires a 10% return from its investments. Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.)