Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a $8\%$ return from its investments.

Pool Spa

Initial investment $ $(172,000)$ $ $(117,000)$

Net cash flows in:

Year $141,20033,200$

Year $257,20051,200$

Year $381,49567,200$

Year $491,60073,200$

Year $566,20025,200$

Compute the internal rate of return for each of the projects using excel functions.

Note: Round your answers to $2$ decimal places.