Following is information on two alternative investments being considered by Tiger Co. The company requires a 8% return from its investments Project xi $ (88,000) Project X2 $(136,000) Initial Investment Expected net cash flows in: Year 1 Year 2 Year 3 29,000 39,500 64,500 66,000 56,000 46,000 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 X 1 Project X2 %