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Please help find IRR. Following is information on two alternative investments being considered by Tiger Co. The company requires a 5% return from its investments.
Please help find IRR.
Following is information on two alternative investments being considered by Tiger Co. The company requires a 5% return from its investments. Project x1 $(102,000) Project x2 $(164,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 36,000 46,500 71,500 76,500 66,500 56,500 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.) X Answer is not complete. IRR Acceptable? % Yes Project X1 Project X2 % YesStep by Step Solution
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