Refer to the information in Exercise 24-10. Create an Excel spreadsheet to compute the internal rate of return for each of the projects. Round the percentage return to two decimals. Using Excel to compute IRR P4 24-10 Following is information on two alternative investments being considered by Jolee Company. The com pany requires a 10% return from its investments. NPV and profitabil P3 ity index Project A Project B 160,000) $(105,000) 40,000 32,000 Initial investment Expected net cash flows in year: 56,000 50,000 80.295 6.000 90,400 72,000 65,00024,000 For each alternative project, compute the (a) net present value and (b) profitability index. (Round your answers in part b to two decimal places.) If the company can only select one project, which should it choose? Explain