Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. Project x1 Project X2 Initial investment $(80,000) $(120,000) Expected net cash flows in: Year 1 25,000 60,000 Year 2 35,500 50,000 Year 3 60,580 40,000 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.) Project X1 Project X2 IRR Acceptable? % %