16 Exercise 24-11 Net present value, profitability index LO P3 1 pots Following is information on two alternative Investments being considered by Tiger Co. The company requires a 4% return from investments (PV of $1. FV of 5.1. PVA of $1. and EVA of S1) (Use appropriate factor(s) from the tables provided.) Skipped Project $(130,000) Project 2 5(220.000) Initial Investment Expected net cash flows in Year 1 Year 2 Year 3 50,000 60,500 55,500 97,500 87.500 77.500 Book a. Compute each project's net present value b. Compute each project's profitability index. If the company can choose only one project which should it choose? Print Complete this question by entering your answers in the tabs below. . Deferencer Required A Required B Compute each project's not present value. (round your final answers to the nearest dollar.) Present Value Present Value of Flows of 1 at 4% Net Cash Flows Project X 1 Your 1 Year 2