Velma and Keota (V\&K) is a partnership that is considering two alternative investment opportunities. The first investment opportunity will have a five-year useful life, will cost $17,220.83, and will generate expected cash inflows of $4,200 per year. The second investment is expected to have a useful life of three years, will cost $8,758.97, and will generate expected cash inflows of $3,900 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 a. Calculate the internal rate of return of each investment opportunity. Note: Do not round intermediate calculations. b. Based on the internal rates of return, which opportunity should V\&K select? Present Value of $1 Present Value of an Annuity of $1