Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Project XI Project X2 $(120,000) $(200,000) 45,000 90,000 55,500 80,500 80,000 70,000 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 Project X1 Project X2 Acceptable? %