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Project x1 $(96,000) Project x2 $ (152,000) Initial Investment Expected net cash flows in: Year 1 Year 2 Year 3 33.000 43,500 68,500 72,000 62,000

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Project x1 $(96,000) Project x2 $ (152,000) Initial Investment Expected net cash flows in: Year 1 Year 2 Year 3 33.000 43,500 68,500 72,000 62,000 52,000 Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whethe each project is acceptable. (Round your answers to 2 decimal places.) IRR Acceptable? Project X1 Project X2

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