urse Home Billabong Tech uses the marote ofretum (IRR) to select projects Calculate the IRR for each of the following projects and recommend the best pract based on Times Pred T Shirt requires and investment of $11.500 and generates intows of 57.500 per year for 3 years Pro Boardshorts requires an intent of 2007 produce cash ows of 14,000 per year for 4 years The IFR of projed T-Shirts (Round to two de places ws siennents Billabong Tech uses the internal rate of return (IRR) 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 $11,500 and generates cash inflows of $7,500 per year for 3 years. Project Board Shorts requires an initial investment of $24,667 and produces cash inflows of $14,000 per year for 4 years The IRR of project T-Shirt is %. (Round to two decimal places.)