Exercise 24-17A Using Excel to compute IRR LO P4 Following is information on two alternative...
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Exercise 24-17A 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 $ (182,000) Project B $(127,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 45,500 61,500 85,795 95,900 70,500 37,500 55,500 71,500 71,500 71,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR L Project A Project B D % %
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