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Question Help Bilabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects and recommend

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Question Help Bilabong 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 $16.833 and generates cash inflows of 50,500 per year for 5 years. Project Board Shorts requires an initial investment of $31.500 and produces cash infows of $13,500 per year for years. The IRR of project T-Shirts % (Round to two decimal places.) The IRR of project Board Shorts is % (Round to two decimal places) Based on the internal rate of return, which project should the firm choose? (Select the best answer below) O O Project T-Shirt Project Board Shorts Click to select your answers)

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