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Following is information on two alternative investments being considered by Jolee Company. The company requires a 11% return from its investments. Initial investment Expected net
Following is information on two alternative investments being considered by Jolee Company. The company requires a 11% return from its investments. Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Project A Project B $(174,000) $(119,000) 43,500 35,500 59,500 53,500 83,795 69,500 93,900 69,500 68,500 69,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) Project A Project B IRR % %
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