:Exercise 24-22A (Algo) Using Excel to compute IRR LO P4Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The companyrequires a 10% return from its investments.PoolSpaInitial investment$ (173,000) $ (118,000)Net cash flows inYear 141,30033,300CesYear 257,30051,300Year 381,59567,300Year 491,70073,300Year 566,30025,300Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.)IRRPoolSpa%

Internal rate of return (IRR): Internal rate of return (IRR) is defined as the discount rate at…

Exercise 24-22A (Algo) Using Excel to compute IRR LO P4 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 $(173,000) spa Initial investment $(118,000) Het cash flows in 41,300 33,300 Year 1 Year 2 57,300 51,300 Year 3 81,595 67,300 Year 4. 91,700 73,300 Year 5 66,300 25,300 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR % Pool Spa %

Exercise 24-22A (Algo) Using Excel to compute IRR LO P4 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 $(173,000) spa Initial investment $(118,000) Het cash flows in 41,300 33,300 Year 1 Year 2 57,300 51,300 Year 3 81,595 67,300 Year 4. 91,700 73,300 Year 5 66,300 25,300 Compute the internal rate of return for each of the projects using excel functions. (Round your answers to 2 decimal places.) IRR % Pool Spa %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PLEASE SOLVE THIS FINANCE QUESTION FAST
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Subject: accounting