9 Following is Information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its Investments. Project x1 $(114,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Project x2 $(188,000) 85,500 75,500 65,500 7.5 points 42,000 52,500 77,500 2 00:48:20 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.) Skipped IRR Acceptable? eBook % Project X1 Project X2 % Mc Graw Hill Whole Words 1 of 1 match Reached end of page, continued from top Match Diacritics Highlight All Match Case final