Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. Project A Initial investment $(160,000) Project B $(105,000) Expected net cash flows in year: 1 40,000 12345 32,000 56,000 50,000 80,295 66,000 90,400 65,000 72,000 24,000 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR Project A Project B % %