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The Billy Joe Company has a choice of two different investments that it can make today.The alternatives are: Project A Project B Cost of Current

The Billy Joe Company has a choice of two different investments that it can make today.The alternatives are:

Project A

Project B

Cost of Current Investment

250,000

200,000

Annual Cash Inflows

60,000

50,000

Life of the Project

8 Years

6 Years

What is the Internal Rate of Return for each of the two investments?

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