
FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Following is information on two alternative investments being considered by Tiger Co. The company requires a 8%
Project X1 | Project X2 | |||||||||
Initial investment | $ | (128,000 | ) | $ | (216,000 | ) | ||||
Expected net |
||||||||||
Year 1 | 49,000 | 96,000 | ||||||||
Year 2 | 59,500 | 86,000 | ||||||||
Year 3 | 84,500 | 76,000 | ||||||||

Transcribed Image Text:ompute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return,
hdicate whether each project is acceptable. (Round your answers to 2 decimal places.)
Acceptable?
IRR
Project X1
Project X2
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