Question: i need help solving this problem without using excel. thank you After receiving money from your summer internship, you decide to invest the money. Alternatively,
After receiving money from your summer internship, you decide to invest the money. Alternatively, you can save the money and which you assume will earn 7% per year. You have two mutually exclusive opportunities to invest in. These are described below. Alternative Arequires an up-front investment of $ 2,500. It will produce annual returns of S 329 at the end of each year for 14 years. Salvage value is $ 240 Alternative B requires an up-front investment of $ 1,600. It will produce annual returns of S 191 at the end of each year for 14 years: Salvage value is $ 400 In what order should you compare the alternatives? . Do Nothing. Alternative B. Alternative Av Conduct an IRR analysis to determine which investment, if either, should you invest in Click here to access the TVM Factor Table calculator Carry all interim calculations to 5 decimal places and then round your final answers to 1 decimal place. The tolerance is 0.3. Following the order that was selected above, compare the first two alternatives. Calculate the IRR. * = What alternative should be chosen according to the received value? Alternative B should be chosen Next, compare the last two alternatives. Calculate the IRR
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