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Following is Information on two alternative Investments being considered by Jolee Company. The company requires a 10% return from Its Investments. Initial investment Expected
Following is Information on two alternative Investments being considered by Jolee Company. The company requires a 10% return from Its Investments. Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Project A Project B $(196,000) $(141,000) 49,000 41,000 65,000 59,000 89,295 75,000 99,400 75,000 74,000 75,000 Compute the Internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) Project A Project B IRR 96 %
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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