9.3 Simulation Seven i Saved Help Save & Exit Submit Check my work 2 Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments. 13.12 points Project x1 $(114,000) Project x2 $(188,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 8 01:56:01 42,000 52,500 77,500 85,500 75,500 65,500 eBook 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 X1 Project X2 Acceptable? % Yes % Yes