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Velma and Keota (VR) is a partnership that owns a small company. It is considering two alternative investment opportunitions. The first investment opportunity will have

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Velma and Keota (VR) is a partnership that owns a small company. It is considering two alternative investment opportunitions. The first investment opportunity will have a five year useful life will cost $15.7073, and will generate expected cash flows of $1700 per year The second investment is expected to have a useful le of three years will cost $962284, and will generate expected cash flows of $3,600 per year Assume that V&K has the funds available to accept only one of the opportunities Pots and PVAS (Us appropriate factors) 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 selec? Internal Hate of First investment Second investment b. V should select the

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