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		$	(190,000	)			$	(135,000	)
Expected net cash flows in:
Year 1			47,500					39,500
Year 2			63,500					57,500
Year 3			87,795					73,500
Year 4			97,900					73,500
Year 5			72,500					73,500

Compute the internal rate of return for each of the projects using excel functions. Round nearest two decimal places