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 7% return from its investments Project xa Project X2 Initial investment $ (86,000) 5(132,000) Expected net cash flows in: Year 1 28,000 64,500 Year 2 30, 500 54,500 Year 63,500 44,500 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) IRR Acceptable? Project X 1 Project x2 9 %