Velma and Keota (V&K) is a partnership that owns a small company. It is considering two alternative investment opportunities. The first investment opportunity will have a three-year useful life, will cost $7,348.08, and will generate expected cash inflows of $2,800 per year. The second investment is expected to have a useful life of five years, will cost $10,093.37, and will generate expected cash inflows of $2,800 per year. Assume that V&K has the funds available to accept only one of the opportunities. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required a. Calculate the internal rate of return of each investment opportunity. (Do not round intermediate calculations.) b. Based on the internal rates of return, which opportunity should V&K select? Internal Rate of Return a. First investment % % Second investment b. V&K should select the Evergreen Company has two investment opportunities. Both investments cost $5,000 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below: Period 1 Period 2 Period 3 Period 4 Total Investment I $ 1,850 1,850 3,360 6,040 $13,100 Investment II $ 4,870 3,360 3,360 1,510 $13,100 Select the correct statement. Multiple Choice Evergreen should choose Investment Il because it generates more immediate cash inflows. Evergreen should choose Investment because of the time value of money. Time value of money techniques are not useful for comparing these investments. Evergreen should be indifferent between the two investments because they provide the same total cash inflows