To open a new store, Rooney Tire Company plans to invest $371,000 in equipment expected to have a seven-year useful life and no salvage value. Rooney expects the new store to generate annual cash revenues of $321,000 and to incur annual cash operating expenses of $193,000. Rooney's average income tax rate is 35 percent. The company uses straight-line depreciation. Required Determine the expected annual net cash inflow from operations for each of the first four years after Rooney opens the new store. Note: Negative amounts should be indicated by a minus sign. Velma and Keota (V\&K) is a partnership that is considering two alternative investment opportunities. The first investment opportunity will have a three-year useful life, will cost $9,618.92, and will generate expected cash inflows of $3,800 per year. The second investment is expected to have a useful life of five years, will cost $16,849.46, and will generate expected cash inflows of $4,000 per year. Assume that V\&K has the funds available to accept only one of the opportunities. (PV of \$1 and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Required a. Calculate the internal rate of return of each investment opportunity, Note: Do not round intermediate calculations. b. Based on the internal rates of return, which opportunity should V\&K select