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how do i calculate IRR for this question? Following is information on two alternative investments being considered by Tiger Co. The company requires a 7%
how do i calculate IRR for this question?
Following is information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments.
Project X1Project X2Initial investment$(106,000)$(172,000)Expected net cash flows in year:138,00079,500248,50069,500373,50059,500
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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