Please view the following video before answering this question. Click here to watch the video Click here to access the TVM Factor Table Calculator Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either 1 inch thick or 2 inches thick on its steam pipes. The heat loss from the pipes without insulation is expected to cost $1.30 per year per foot of pipe. A 1-inch thick insulated covering will eliminate 84% of the loss and will cost $0.37 per foot. A 2-inch thick insulated covering will eliminate 92% of the loss and will cost $0.85 per foot. PCCC Physical Plant Services estimates that there are 250,000 feet of steam pipe on campus. The PCCC Accounting Office requires a 10%/year return to justify capital expenditures. The insulation has a life expectancy of 10 years. Show the internal rates of return used to make your decision: Comparison 1: IRR 1: % Comparison 2: IRR 2: % Determine which insulation (if any) should be purchased using an internal rate of return analysis. % Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2. Please view the following video before answering this question. Click here to watch the video Click here to access the TVM Factor Table Calculator Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either 1 inch thick or 2 inches thick on its steam pipes. The heat loss from the pipes without insulation is expected to cost $1.30 per year per foot of pipe. A 1-inch thick insulated covering will eliminate 84% of the loss and will cost $0.37 per foot. A 2-inch thick insulated covering will eliminate 92% of the loss and will cost $0.85 per foot. PCCC Physical Plant Services estimates that there are 250,000 feet of steam pipe on campus. The PCCC Accounting Office requires a 10%/year return to justify capital expenditures. The insulation has a life expectancy of 10 years. Show the internal rates of return used to make your decision: Comparison 1: IRR 1: % Comparison 2: IRR 2: % Determine which insulation (if any) should be purchased using an internal rate of return analysis. % Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2