Question: please help and explain i am trying to learn! i need to find the IRR for both projects using the IRR spreadsheet function. Pitt Company

please help and explain i am trying to learn! i need to find the IRR for both projects using the IRR spreadsheet function.

Pitt Company is considering two alternative investments. The company requires a 12% return from its investments. Neither option has a salvage value. Project X Project Y Initial investment $243,424 $180,939 Net cash flows anticipated: Year 1 83,000 35,000 Year 2 58,000 56,000 Year 3 92,000 71,000 Year 4 81,000 68,000 Year 5 77,000 28,000 A. Compute the IRR for both projects using the IRR spreadsheet function. Project X % Project Y B. Which project should be recommended

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