Exercise 26-17A Using Excel to compute IRR LO P4 Following is information on two alternative investments…

Exercise 26-17A Using Excel to compute IRR LO P4 Following is information on two alternative investments being considered by Jolee Company. The company requires a 11% return from its investments. Project A $(162, 000) Project B $(107,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 40, 500 56, 500 80, 795 90, 900 65,500 32,500 50, 500 66, 500 66,500 66,500 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR Project A Project B %