Velma and Keota $($V&K$)$ is a partnership that is considering two alternative investment opportunities. The first investment opportunity will have a four$-$year useful life, will cost $$9,719\mathrm{.}16,$ and will generate expected cash inflows of $$3,000$ per year. The second investment is expected to have a useful life of five years, will cost $$11,672\mathrm{.}48,$ and will generate expected cash inflows of $$3,400$ per year. Assume that V&K has the funds available to accept only one of the opportunities. $($PV of $$1$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required

Calculate the internal rate of return of each investment opportunity.

Note: Do not round intermediate calculations.

Based on the internal rates of return, which opportunity should V&K select?