Principles of Finance Question

Thunderstorm Berhad is considering two independent projects. The initial investment for both projects is RM 80,000 . The after-tax cash inflows associated with each project are shown in the following table: The required rate of return is 15%. From the above information you are required to find out the Internal Rate of Return (IRR) for both projects. Based on the IRR, which project/s should Thunderstorm Berhad proceed with? Explain your