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Following is information on two alternative investments being considered by Tiger Co. The company requires a 5% return from its investments. Project Ximenproject X2 Initial

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Following is information on two alternative investments being considered by Tiger Co. The company requires a 5% return from its investments. Project Ximenproject X2 Initial investment Expected net cash flows in year (112,000) $(184,000) 41,000 51,500 76,500 84,000 74,000 64,000 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 declmal places.) IRR Project X1 Project X2

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