Present Value of $1 Present Value of an Annuity of $1 Exercise 10-10A (Algo) Using the internal rate of return to compare investment opportunities LO 10-3 Velma and Keota (V\&K) is a partnership that is considering two alternative investment opportunities. The first investment opportunity will have a four-year useful life, will cost $12,958.88, and will generate expected cash inflows of $4,000 per year. The second investment is expected to have a useful life of five years, will cost $14,734.32, and will generate expected cash inflows of $4,500 per year. Assume that V\&K has the funds available to accept only one of the opportunities. (PV of $1 and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. Required a. Calculate the internal rate of return of each investment opportunity. Note: Do not round intermediate calculations. b. Based on the internal rates of return, which opportunity should V\&K select