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Following is information on two alternative investments being considered by Chicago Inc. The company requires a 4% return from its investments. Compute the internal rate

Following is information on two alternative investments being considered by Chicago Inc. The company requires a 4% return from its investments.

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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.)

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