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Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 6% return from its investments. Project x1 $

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Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 6% return from its investments. Project x1 $ (124, 000) Project X2 $ (208,000) Initial investment Net cash flows in: Year 1 Year 2 Year 3 47,000 57,500 82,500 93,000 83,000 73,000 Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project is acceptable. (Round your answers to 2 decimal places.) IRR Acceptable? % Project X1 Project X2 %

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