HW. Ch 24, Capital Budgeting 21 Exercise 24-13A Internal rate of return LO P4 1 points Following is information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments Project x2 $(152,000) Project x1 $ (96,000) 33,000 43,500 68,500 Initial investment Expected net cash flows in Year 1 Year Year Book 72.000 62,000 52,000 Print 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.) References IRR Project X 1 Project X2 Acceptable? Yes 9 Yes