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Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A $(164,000) Project

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Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A $(164,000) Project B $(109,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 41,000 57,000 81,295 91,400 66,000 33,000 51,000 67,000 67,000 67,000 Compute the internal rate of return for each of the projects using excel functions. (Roun Project A Project B

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