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The Ewing purchasing department has made revisions to their costs and annual cash flows for Project A and Project B, as outlined below. Project A

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The Ewing purchasing department has made revisions to their costs and annual cash flows for Project A and Project B, as outlined below. Project A Project B Project A's revised investment is $228,800. The project's life and cash flow have changed to 6 years and $49,500, respectively, while expenses have been eliminated. Project B's revised investment is $116,700. The project's life and cash flow have changed to 5 years and $85,000 while expenses reduced slightly to $55,000. Compute the internal rate of return factor for Project A and Project B and then identify each project's corresponding percentage from the PV ordinary annuity table. Note: Enter the IRR factor, to 5 decimal places. % Project A: The calculated IRR factor is and this value corresponds to which percentage in the present value of ordinary annuity table? Project B: The calculated IRR factor is and this value corresponds to which percentage in the present value of ordinary annuity table? %

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