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 X1 Project X2 $(130,000) $(220,000) 50,000 97,500 60,500 87,500 85,500 77,500 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 % %