Following is information on two alternative investments being considered by Jolee Company. The company requires a 11% return from its investments.

	Project A					Project B
Initial investment		$	(186,000	)			$	(131,000	)
Expected net cash flows in:
Year 1			46,500					38,500
Year 2			62,500					56,500
Year 3			86,795					72,500
Year 4			96,900					72,500
Year 5			71,500					72,500

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