The Ewing purchasing department has made revisions to their costs and annual cash ﬂows for Project A and Project B, as outlined below. Project A Project B Project A’s revised investment is $248,300. The Project B’s revised investment is $130,700. project’s life and cash flow have changed to 7 The project’s life and cash flow have changed years and $51,000, respectively, while expenses to 6 years and $85,000 while expenses have been eliminated. reduced slightly to $55,000. Compute the internal rate of return factor for Project A and Project 8 and then identify each project’s corresponding percentage from the PV ordinary annuity table. Note: Enter the IRR factor, to 5 decimal places. °/o “/0 Project A: The calculated IRR factor is S and this value corresponds to which percentage in the ﬁresent value of ordinary annuity table? S Project 8: The calculated IRR factor is and this value corresponds to which percentage in the present value of ordinary annuity table? Feedback 7 Check My Work As done in a prior section, divide the initial investment by the annual cash flow to compute the present value factor. Then use the table to look up where the factor resides on the row corresponding to the project life.