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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

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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 five-year useful life, will cost $11,574.74, and will generate expected cash inflows of $2,600 per yeat. The second investment is expected to have a useful life of four years, will cost $9,273.96, and will generate expected cash inflows of $2,800 per year, Assume that V8K has the funds available tg 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 invesiment opportunity. (Do not round intermediate calculations.) b. Based on the internal rates of return, which opportunity should V\&K select

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