Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. Project X1 Project X2 Initial investment $ (110,000 ) $ (180,000 ) Expected net cash flows in year: 1 40,000 82,500 2 50,500 72,500 3 75,500 62,500 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.)