Exercise 24-11 (Algo) Net present value, unequal cash flows, and profitability index LO P3 Following is Information on two alternative Investments projects being considered by Tiger Company. The company requires a 12% return from its Investments. (PV of $1, FV of $1, PVA of $1, and FVA of S1) (Use approprlate factor(s) from the tables provided.) Project x1 Project x2 Initial investment $ (110,880) $ (174, 800) Net cash flows in: Year 1 45, eee 90,000 Year 2 55,5ee 80,000 Year 3 80,5ee 70,000 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 on the basis of profitability Index? Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's net present value. (Round your answers to the nearest whole dollar.) Net Cash Present Value of Present Value of Flows 1 at 12% Net Cash Flows Project X1 Year 1 Year 2 Year 3 Totals $ 0 $ 0 $ 0 Initial investment Net present value Project X2 Year 1 Year 2 Year 3 Totals Initial investment Net present value $ 0 $ 0 $ 0