Velma and Keota (V\&K) is a partnership that is considering iwo alternative investment opportunities. The first investment opportunity Will have a three-year useful ife, will cost $7,593.89, and will generate expected cash inflows of $3,000 per year, The second investment is expected to have a useful life of three years, will cost $12,028.55, and will generate expected cash inflows of $4,500 per year. Assume that V\&K has the funds available to accept only one of the opportunities. (PV of 51 and PVA of 51 ) Note: Use appropriate factor(s) from the tables provided. Required a. Calculate the internal rate of retum of each investment opportunity Note: Do not round intermediate calculations. b. Based on the internal rates of return, which opportunity shouid V\&K select? Keota (V\&K) is a partnership that is considering two alternative investment opportunit a three-year useful life, will cost \$7,593.89, and will generate expected cash inflows of nt is expected to have a useful life of three years, will cost $12,028.55, and will generate ume that V\&K has the funds available to accept only one of the opportunities. (PV of $1 e appropriate factor(s) from the tables provided. ate the internal rate of return of each investment opportunity. Do not round intermediate calculations. on the internal rates of return, which opportunity should V\&K select