Please explain in depth how to solve this. Thank you

Following is information on two alternative investments being considered by Tiger Co. The company requires a 8% return from its investments. Project x1 $(98,000) Project x2 $(156,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 34,000 44,500 69,500 73,500 63,500 53,500 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 Project X1 Project X2 Acceptable? % Yes : % Yes