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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 $ (200,000)

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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 $ (200,000) Project B $(145,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 50,000 66,000 90, 295 100,400 75,000 42,000 60,000 76,000 76,000 76,000 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 H

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