Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 6% return form its investments.

		Project X1	Project X2
Initial investment		$(114,000)	$(188,000)
Net Cash flow in:
	Year 1	42,000	85,500
	Year 2	52500	75,500
	Year 3	77,500	65,500

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 X1	%
Project X2	%