11 Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $240,000 and would yield the following annual net cash flows. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) 2 points Net cash flows Year 1 Year 2 Year 3 Project C1 $ 16,000 112,000 172,000 $ 300,000 Project C2 $ 100,000 100,000 100,000 $ 300,000 eBook Totals Hint a. The company requires a 10% return from its investments. Compute net present values using factors from Table B.1 in Appendix B to determine which projects, if any, should be accepted. b. Using the answer from part a, is the internal rate of return higher or lower than 10% for (i) Project C1 and (ii) Project C2? Print References The company requires a 10% return from its investments. Compute net present values using factors from Table B.1 in Appendix B to determine which projects, if any, should be accepted. (Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.) Project C1 Initial Investment Chart Values are Based on: 1 = % Year Cash Inflow PV Factor = Present Value Year 1 Year 2 Year 3 Project C2 Initial Investment Year Cash Inflow PV Factor Present Value Year 1 Year 2 Year 3 Required A Required B Using the answer from part a, is the internal rate of return higher or lower than 10% for (i) Project C1 and (ii) Project C2? (0) Is the internal rate of return higher or lower than 10% for Project C1? (ii) is the internal rate of return higher or lower than 10% for Project C2?