Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 9% return from its investments. Initial investment Net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Pool Spa IRR Pool Spa $ (163,000) $ (108,000) % % 40,300 56,300 80,595 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) 90,700 65,300 32,300 50,300 66,300 72,300 24,300

Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 9% 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.)