8 Poem Comenech of the these pro Lund. Each projectes investment of 122.000 and woulded the glow PGEVESPA rite face to the side) 1 1. Assume that the company rere a 125 tonnes Using presente detene which project any should be cured 2. Ung the two part is the internal of return higher for at C22 Asume that the communes rum from the game which whould be wird aber when your factor Year 2 24 Homework 8. Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $228.000 and would yield the following annual cash flows. (PV of $1. FV of $1. PVA of $1, and EVA of SD (Use appropriate factor(s) from the tables provided.) 12.5 points Year 1 Year 2 Year 3 Totals CA $ 12,00 188,000 168,000 5288,000 C2 $ 96,000 96,00 96.000 $288,000 $180, eee be, cee 48,000 $280,000 book Hit 1. Assume that the company requires a 12% retum from its Investments. Using net present value, determine which projects, if any. should be acquired 2. Using the answer from part 1, is the internal rate of return higher or lower than 12% for Project C22 PE Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Using the answer from part 1. is the internal rate of return higher or lower than 12% for Project C2? Is the internal rate of return higher or lower than 12% for Project C2?