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Sheridan Corporation is considering two alternative investments in excavating equipment. Investment Arequires an...

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Sheridan Corporation is considering two alternative investments in excavating equipment. Investment Arequires an initial investment of $182,600, has positive cash flows of $27,800 per year, and has an estimated salvage value of $21,100. Investment B requires an initial investment of $229,500, has positive cash flows of $33,300 per year, and has an estimated salvage value of $19,200. Each piece of equipment is expected to have a 12-year useful life. Use a financial calculator to determine the internal rate of return of each project to decide which is more desirable. (Round answers to 2 decimal places, e.g. 9.74%.) Investment A Investment B Internal rate of return % % is more desirable. e Textbook and Media Save for Later Attempts: 0 of 2 used Submit

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