Following is information on two alternative investment projects being considered by Tiger Company. The company requires...

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Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 6% return from its investments. Initial investment Net cash flows in: Year 1 Year 2 Year 3 Project X1 Project X2 Project X1 $ (104,000) IRR 20.00 % Yes % Yes 37,000 47,500 72,500 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.) Acceptable? Project X2 $ (168,000) 78,000 68,000 58,000 Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 6% return from its investments. Initial investment Net cash flows in: Year 1 Year 2 Year 3 Project X1 Project X2 Project X1 $ (104,000) IRR 20.00 % Yes % Yes 37,000 47,500 72,500 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.) Acceptable? Project X2 $ (168,000) 78,000 68,000 58,000