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I have no idea how to do this exactly. Following is information on two alternative investments being considered by Jolee Company. The company requires a
I have no idea how to do this exactly.
Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. Project A Project B Initial investment $ (196, 000) $ (141, 000) Expected net cash flows in: Year 1 49, 000 41, 000 Year 2 65,000 59,000 Year 3 89, 295 75, 000 Year 4 99, 400 75, 000 Year 5 74, 000 75, 000 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR Project A Project BStep by Step Solution
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