Hosier and Wogan (H&W) is a partnership that owns a small company. It is considering two alternative investment opportunities. The first investment opportunity will have a five-year useful life, will cost $11,663.39, and will generate expected cash inflows of $3,900 per year. The second investment is expected to have a useful life of three years, will cost $6,958.16, and will generate expected cash inflows of $2,700 per year. Assume that H&W has the funds available to accept only one of the opportunities. Required a. Calculate the internal rate of return of each investment opportunity. Internal Rate of Return % First investment Second investment %