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. Initial investment Net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Pool Spa IRR Pool Spa $ (162,000) $ (107,000) Compute the internal rate of return for each of the projects using excel functions. Note: Round your answers to 2 decimal places. % % 40,200 56,200 80,495 90,600 65,200 32,200 50,200 66,200 72,200 24,200

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