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Use a financial calculator or an Excel spreadsheet to estimate the IRR for each of the following investments. Investment A B Initial Investment $ 8,500.00

Use a financial calculator or an Excel spreadsheet to estimate the IRR for each of the following investments.

Investment

A

B

Initial Investment

$ 8,500.00

$ 9,500.00

End of Year

Income

1

$ 2,500.00

$ 2,000.00

2

$ 2,500.00

$ 2,500.00

3

$ 2,500.00

$ 3,000.00

4

$ 2,500.00

$ 3,500.00

5

$ 2,500.00

$ 4,000.00

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