Please explain the steps used to find the answer

Exercise 24-13A Internal rate of return LO P4 Following is information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments. Project X1 $(106,000) Project x2 $(172,000) Initial investment Expected net cash flows in year: 1 2. 3 38,000 48,500 73,500 79,500 69,500 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? Yes % Project X1 Project X2 % Yes