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Oriole Company Corporation is considering two alternative investments in excavating equipment. Investment A requires an initial investment of $213,440, has positive cash flows of $31,900
Oriole Company Corporation is considering two alternative investments in excavating equipment. Investment A requires an initial investment of $213,440, has positive cash flows of $31,900 per year, and has an estimated salvage value of $24,360. Investment B requires an initial investment of $271,440, has positive cash flows of $42,688 per year, and has an estimated salvage value of $22,040. Each piece of equipment is expected to have a 12-year useful life. Use a financial calculator to determine the internal rate of return of each project to decide which is more desirable. (Round answers to O decimal places, e.g., 9%.) Internal rate of return of Investment A % Internal rate of return of Investment B %
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