Exercise 11-13A Internal rate of return LO P4 Following is information on two alternative investments...
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Exercise 11-13A Internal rate of return LO P4 Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% retum from its investments Project 1 5(84,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Project x2 $(128, 000) 53,000 53,000 43,000 27,000 37.500 62,500 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.) Acceptable? Project X1 Pract
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