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Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A $(170,000) Project
Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A $(170,000) Project B $(115,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 42,500 58,500 82,795 92,900 67,500 34,500 52,500 68,500 68,500 68,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR Project A Project B % %
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