Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments. Project X1 Project X2 Initial investment $ (94,000 ) $ (148,000 ) Expected net cash flows in: Year 1 32,000 70,500 Year 2 42,500 60,500 Year 3 67,500 50,500 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.