Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 10% return from its investments.

	Pool	Spa
Initial investment	$ (160,000)	$ (105,000)
Net cash flows in:
Year 1	40,000	32,000
Year 2	56,000	50,000
Year 3	80,295	66,000
Year 4	90,400	72,000
Year 5	65,000	24,000

Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.)

IRR POOL = (??) %

IRR SPA = (??) %