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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. Project A $(174,000) Project
Following is information on two alternative investments being considered by Jolee Company. The company requires a 11% return from its investments. Project A $(174,000) Project B $(119,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 43,500 59,500 83,795 93,900 68,500 35,500 53,500 69,500 69,500 69,500 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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