Following is information on two alternative investments. Beachside Resort is considering building a new pool...
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Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 10% return from its investments. Pool Spa Initial investment $ (177,000) $ (122,000) Net cash flows in: Year 1 41,700 33,700 Year 2 57,700 51,700 Year 3 81,995 67,700 Year 4 92,100 73,700 Year 5 66,700 25,700 Compute the internal rate of return for each of the projects using excel functions. Note: Round your answers to 2 decimal places.
Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 10% return from its investments. Compute the internal rate of return for each of the projects using excel functions. Note: Round your answers to 2 decimal places
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