please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 7% return from its investments. Project X1 Project X2 Initial investment $ (106, 000) $ (172, 000) Net cash flows in: Year 1 38 , 000 79, 500 Year 2 48, 500 69, 500 Year 3 73,500 59, 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.) IRR Acceptable? Project X1 : % Yes Project X2 Yes