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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments. ProjectX1 Project x2 Initial

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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments. ProjectX1 Project x2 Initial investment Expected net cash flows in year: s (84,000 (128,000) 27,000 37,500 62,500 63,000 53,000 43,000 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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