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Warm-Up 10-4 (similar to) Question Help Billabong Tech uses the internal rate of retum (IRR) to select projects. Calculate the IRR for each of the

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Warm-Up 10-4 (similar to) Question Help Billabong Tech uses the internal rate of retum (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure Project T-Shirt requires an initial investment of $25,500 and generates cash inflows of $9,000 per year for 7 years. Project Board Shorts requires an initial investment of $39,667 and produces cash inflows of $13,000 per year for 8 years. The IRR of project T-Shirt is 20.52 % (Round to two decimal places.) The IRR of project Board Shorts is 20.52% (Round to two decimal places)

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