Following is information on two alternative investments being considered by Tiger Co. The company requires a 8% return from its investments. Project Xi Project X2 Initial investment Expected net cash flows in year: $ (128,000) (216,000) 49,000 59,500 84,500 96,000 86,000 76,000 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