Question: Please show how you got your answer so i can follow along!!! 9-22 L'Nora Cosmetics is evaluating two mutually exclusive capital budgeting projects. Project J-20

Please show how you got your answer so i can follow along!!!

9-22 L'Nora Cosmetics is evaluating two mutually exclusive capital budgeting projects. Project J-20 costs $620,000 and it is expected to generate $204,125 for four years. Project Q-33 costs $710,000 and it is expected to generate $233,280 for four years. L'Nora's required rate of return is 11 percent. What is the internal rate of return (IRR) of the project(s) the company should purchase? (LO 9-2 \& LO 9-3)

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