Billabong Tech uses the tema rate of return (IRRI 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 $13,000 and generates cash inflows of S7,000 per year for 3 years Project Board Shorts requires an initial investment of $24,000 and produces cash inflows of $13,500 per year for 4 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 retum, which project should the firm choose? (Select the best answer below) Project T-Shirt O Project Board Shorts