Two investments have the following pattern of expected returns: Investment A Year 1 Year 2 Year 3 Year 4 Year 4 (Sale) BTCF $5,000 $10,000 $12,000 $15,000 $120,000 Investment B Year 1 Year 2 Year 3 Year 4 Year 4 (Sale) BTCF $2,000 $4,000 $1,000 $5,000 $180,000 Investment A requires an outlay of $110,000 and Investment B requires an outlay of $120,000.

Required:

a. What is the BTIRR on each investment?

b. If the BTIRR were partitioned based on BTCFo and BTCFs' what proportions of the BTIRR would be represented by each? c. Which investment would be preferable?