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

Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. Project $(190,000) Project 3 $(135,000) Initial investment Expected net cash flows in Year 1 Year 2 Year 3 Year 47,500 63,500 87.795 97.900 72,500 39,500 57,500 73.500 73.500 73.500 Year Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR Project A T Project B %