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 four-year useful life will cost $10,354.94, and will generate expected cash inflows of $4,000 per year. The second investment is expected to have a useful life of three years, will cost $11.493.95, and will generate expected cash inflows of $4,300 per year. Assume that H&W has the funds available to accept only one of the opportunities Required .. Calculate the internal rate of return of each investment opportunity Internal Rate of Return % First investment Second investment % b. Based on the internal rates of return, which opportunity should H&W select First investment Second investment