Exercise 24-22A (Algo) Using Excel to compute IRR LO P4 Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 10% return from its investments. Initial investment Pool $ (164,000) Spa $ (109,000) Net cash flows in: Year 1 40,400 32,400 Year 2 56,400 50,400 Year 3 80,695 66,400 Year 4 90,800 72,400 Year 5 65,400 24,400 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) Pool Spa IRR % %