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Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. 14.32 points Project A

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Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. 14.32 points Project A $(194,000) Project B $(139,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 48,500 64,500 88,795 98,900 73,500 40,500 58,500 74,500 74,500 74,500 eBook Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) Print IRR References Proiect A olo 1 % Project B %

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