Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments.

	Project A					Project B
Initial investment		$	(172,000	)			$	(117,000	)
Expected net cash flows in:
Year 1			43,000					35,000
Year 2			59,000					53,000
Year 3			83,295					69,000
Year 4			93,400					69,000
Year 5			68,000					69,000

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