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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
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 $19,680.96, and will generate expected cash inflows of $4,800 per year. The second investment is expected to have a useful life of three years, will cost $12,885.48, and will generate expected cash inflows of $5.000 per year. Assume that V\&K has the funds avallable 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 retum, which opportunity should V\&K select
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