This is a final capital investment problem,
Modified IRR technique. Assume that the reinvestment rate for both projects is 5%.
Analyze the numbers in the problem using an excel spreadsheet.
You must use Excel formulas which are on the ribbon in Excel marked Fx to make your calculations whenever possible. Do not write own formulas unless absolutely necessary.
All information must be in Excel (Word documents will not be read and you will not get credit).
Remember to carry out your answers at least two decimal places