Following is information on two alternative investments being considered by Tiger Co. The company requires 4% return from its investments.

Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. Initial investment Project X1 Project X2 $ (100, 090) Expected net cash flows in: $ (160, 090) Year 1 35, 000 75, 000 Year 2 45 ,500 65, 000 Year 3 70, 500 55,000 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 Yes Project X2 2