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Exercise 24-13A Internal rate of return LO P4 Following is information on two alternative investments being considered by Tiger Co. The company requires a 6%

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Exercise 24-13A Internal rate of return LO P4 Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its nvestments. ject X1 Project X2 (114,000) $(188,080) Initial investment Expected net cash flows in year: 42,900 52,500 77,580 85,500 75,500 65,580 Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of each project is acceptable. (Round your answers to 2 decimal places) return, indicate whether

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