ces Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $282,000 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 providec Net cash flows Year 1 Year 2 Year 3 Totals a. The company requires a 9% 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 9% for (i) Project C1 and (ii) Project C2? Hint: It is not necessary to compute IRR to answer this question. Required A Complete this question by entering your answers in the tabs below. Project C1 $ 30,000 126,000 186,000 $ 342,000 Project C1 Year 1 Year 2 Year 3 Totals The company requires a 9% 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 valuest should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.) Project C2 Required B Project C2 $ 114,000 114,000 114,000 $ 342,000 Net Cash Flows Net Cash Flows X X Present Value of 1 at 9% Present Value of 1 at 9% = = Present Value of Net Cash Flows Present Value of Net Cash Flows