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You sell computers and are deciding whether to update from Dell Computers to Apple Computers. MARR is 12%. Planning Horizon is 10 years. The upgrade

You sell computers and are deciding whether to update from Dell Computers to Apple Computers. MARR is 12%. Planning Horizon is 10 years. The upgrade from Dell to Apple will give you these things.

- $1,000,000 investment to buy new computers

- Savings going from Dell to Computer is $35000 per year

- buying apple will increase customer number by 5000

- each customer that buys from you has a benefit of $40

- dell computers have a salvage value of $200,000

- apple computers have total salvage value of $150,000

Determine the best alternative using

part a) Internal Rate of Return

part b) External Rate of Return

please solve part a and b using excel

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