OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $4.3 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $640.000 per year in direct labor costs. The company requires a 11% return from its investments. Compute the internal rate of return for the proposed investment. (Round your answer to 2 decimal places.) Internal rate of return Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A $(182,00) Project B $(127,820) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 45,500 61,500 85,795 95,900 79,500 37,500 55,500 71,500 71,500 71,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 declmal places.) IRR Project A Project B %