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 $9,185.11, and will generate expected cash inflows of $3,500 per year. The second investment is expected to have a useful life of three years, will cost $6,965.31, and will generate expected cash inflows of $2,900 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. First investment Internal Rate of Return % % Second investment