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Please assist Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 5% return from its investments. Project

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Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 5% return from its investments. Project X1 Project X2 Initial investment $ (82, 000) $ (124, 000) Net cash flows in: Year 1 26, 000 61 , 500 Year 2 36,500 51 , 500 Year 3 61, 500 41, 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.) IRR Acceptable? Project X1 Yes Project X2 Yes

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