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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

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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 Initial investment Expected net cash flows in year: 96,000 (152,000) 33,000 43,500 68,500 72,000 62,000 52,000 Compute the internal rate of return for each of the projects using excel functions and 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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