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Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments Project x2 $(149, eee)

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Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments Project x2 $(149, eee) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Project x1 5 (90,eee) 30,000 40, see 65,5ee 67,580 57,580 47,580 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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