Question

Question

13)Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments.   Project X1Project X2  Initial investment $(94,000)  $(148,000)   Expected net cash flows in year:          1  32,000    70,500  2  42,500    60,500  3  67,500    50,500      Compute the internal rate of return for each of the projects using Excel functions. (Round your answers to 2 decimal places.)  Based on internal rate of return, indica

being considered by Tiger Co. The company requires a 6% return from its investments.   Project X1Project X2  Initial investment $(94,000)  $(148,000)   Expected net cash flows in year:          1  32,000    70,500  2  42,500    60,500  3  67,500    50,500      Compute the internal rate of return for each of the projects using Excel functions. (Round your answers to 2 decimal places.)  Based on internal rate of return, indica

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