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Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. Project A $(172,000) Project

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Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. Project A $(172,000) Project B $(117,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 43,000 59,000 83,295 93,400 68,000 35,000 53,000 69,000 69,000 69,000 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 % %

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