Question: Exercise 24-15A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company The company requires a
Exercise 24-15A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company The company requires a 10% return from its investments. A Project B s (168,880) S(15,900) Initial investment Expected net cash flows in year: 40,080 56,000 80,295 90,400 65,000 32,888 50,080 66,080 72,000 24,000 laces.) Compute the internal rate of return for each of the projects using excel functions (Round your answers to 2 decimal p Project A Project B
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