III Homework: Chapter 10 Up 10-4 (similar to) Part 1 of 3 10 of 50 points O Points: 0 of 10 Save Billabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure Project T-Shirt requires an initial investment of $22,000 and generates cash inflows of 9.000 per year for 6 years. Project Board Shorts requires an initial investment of $36,667 and produces cash inflows of $14,000 per year for 7 years The IRR of project T-Shirt is % (Round to two decimal places)