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.) Project X1 Project X2 IRR % % Acceptable?

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.