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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 $ (180,000)

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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 $ (180,000) Project B $ (125,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 45,000 61,000 85,295 95,400 70,000 37,000 55,000 71,000 71,000 71,000 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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