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Following is information on two alternative Investments being considered...

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Accounting

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Following is information on two alternative Investments being considered by Jolee Company The company requires a 10% return from its investments Project (166.000) Project ${111,000) Initial investment Expected net cash flows in Year 1 Year 2 Year 3 Year 4 Year 5 41,500 57,500 81,795 91,900 66,500 33,500 51,500 67,500 67,500 67,500 Compute the internal rate of return for each of the projects using excel functions (Round your answers to 2 decimal places.) IRR Project A Project B % %

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