Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 5% return from its investments. Project X1 Initial investment $ (122,000) Net cash flows in: Year 1 46,000 Year 2 56,500 81,500 Project X2 $ (204,000) 91,500 81,500 71,500 Year 3 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? % %