help

5 Velma and Keota (V&K) is a partnership that owns a small company. It is considering two alternative investment opportunities. The first investment opportunity will have a three-ye useful life, will cost $8,880.29, and will generate expected cash inflows of $3,200 per ye The second investment is expected to have a useful life of five years, will cost $12,130.52 and will generate expected cash inflows of $3,200 per year. Assume that V&K has the funds available to accept only one of the opportunities. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required :35:08 a. Calculate the internal rate of return of each investment opportunity. (Do not round intermediate calculations.) b. Based on the internal rates of return, which opportunity should V&K select? Dok a. First investment Second investment b. V&K should select the Internal Rate of Return % % second investment