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Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from investments. Following is information on

Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from investments. Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% 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 IRR Project A $(190,000) % % 47,500 63,500 87,795 97,900 72,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) Project B $(135,000) 39,500 57,500 73,500 73,500 73,500

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