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Following is information on two alternative investments being considered by Chicago Inc. The company requires a 8% return from its investments. Compute the internal rate

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Following is information on two alternative investments being considered by Chicago Inc. The company requires a 8% return from its investments. Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project is acceptable. (Round your answers to 2 decimal places.) Frisco Company is a headphones manufacturer. Frisco is considering eliminating its wired earbuds division because its $93,470 expenses are higher than its $87,670 sales. The company reports the following expenses for this division. Should the division be eliminated? (Any loss amount should be indicated with minus sign.) Mervon Company has two operating departments: Mixing and Bottling. Mixing has 385 employees and Bottling has 165 employees. Indirect factory costs include administrative costs of $172,000. Administrative costs are allocated to operating departments based on the number of workers. Determine the administrative costs allocated to each operating department

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