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. Initial investment Pool $ (165,000) Spa $ (110,000) Net cash flows in: Year 1 40,500 32,500 Year 2 56,500 50,500 Year 3 80,795 66,500 Year 4 90,900 72,500 Year 5 65,500 24,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) Pool Spa IRR % %