Following is information on two alternative investments being considered by Chicago Inc. The company requires a 6% return from its investments.

	Investment 1A					Investment 2B
Initial investment		$	(84,000	)			$	(128,000	)
Expected net cash flows in:
Year 1			27,000					63,000
Year 2			37,500					53,000
Year 3			62,500					43,000

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.)