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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% ret investments Initial investment Expected net cash flows

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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% ret investments Initial investment Expected net cash flows in year: Project Xi Project x2 $1104,000) (168,000) 37,000 47,500 2,500 78,000 68,000 58 000 Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indic each project is acceptable. (Round your answers to 2 decimal places.) IRR Acceptable? Project X1 Project X2

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