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 $1) (Use appropriate factor(s) from the tables provided.) Initial investment Net cash flows in: Year 1 Year 2 Year 3 Project X1 $ (100,000) Project X2 $ (143,000) 35,000 75,000 45,500 65,000 70,500 55,000 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.) Project X1 Year 1 Year 2 Year 3 Totals Initial investment Net present value Net Cash Flows Present Value of Present Value of 1 at 12% Net Cash Flows $ $ Project X2 Year 1 Year 2 Year 3 Totals $ Initial investment Net present value $ $ 0 $ < Required A 0 Required B >