Following is information on two alternative investment projects being considered by Tiger Company. The company requires a $4\%$ return from its investments.

$\backslash$table$[[,,$Project X$1,$Project X$2],[\backslash$table$[[$Initial investment$],[$Net cash flows in:$]],$$$(90,000),$$$(140,000),],[,$Year $1,30,000,67,500],[,$Year $2,40,500,57,500],[,$Year $3,65,500,47,500]]$

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.

Note: Round your answers to $2$ decimal places.

Answer is not complete.

$\backslash$table$[[,$IRR,Acceptable?$],[$Project X$1,14\mathrm{.}75x,\%,$Yes,$],[$Project X$2,,\%,$Yes,$]]$