4. 10 points Phoenix Company is considering investments in projects Ct and C2 Both require an initial investment of $294.000 and would yield the following annual net cash flows (PV of $1. EV of S1, PVA of S1, and EVA of S1) (Use appropriate factor(s) from the tables provided.) Net cash flows Project Project 2 Year 1 $ 34,00 $ 110,000 Year 2 130,000 118,00 Years 190.000 118,000 Totals $ 354,00 $ 354,000 Hint a. The company requires a 9% retum from its investments Compute net present values using factors from Table Bin Appendix Bto 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 99 for ( Project C and Project C2? Pim References Complete this question by entering your answers in the tabs below. Required A Required B The company requires a 996 return from its investments. Compute net present values using factors from Table 8.1 in Appendix B to determine which projects, if any, should be accepted. Negative net present values should be indicated with minus con. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar) Project Ct Initial Investment