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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. 1312 Project A Project

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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. 1312 Project A Project B points Initial investment $(168,000) $013,000) Expected net cash flows in: Year 1 42,000 34,000 Year 2 58,000 52,000 Year 3 82,295 68,000 Year 4 92,400 68,000 Year 5 67,000 68,000 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) References Project A Project B

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