Question: Exercise 26-17A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a

Exercise 26-17A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. Project A $(176,000) Project B $(121,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 44,000 60,000 84,295 94,400 69,000 36,000 54,000 70,000 70,000 70,000 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) 5 IRR Project A Project B : % %

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