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Following is information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments Project X1 Project X2
Following is information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments Project X1 Project X2 Initial investment Expected net cash flows in year: (96,000) $(152,00e) 33,000 43,500 68,500 72,000 62,000 52,000 2 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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