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 three-year useful life, will cost $6,951.39, and will generate expected cash inflows of $3,300 per year. The second investment is expected to have a useful life of three years, will cost $9,698.72, and will generate expected cash inflows of $3,900 per year. Assume that H&W 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 a. Calculate the internal rate of return of each investment opportunity. Internal Rate of Return First investment Second investment