Exercise 24-11 Net present value, profitability index LO P3 Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% 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.) Project xi Project x2 Initial investment $(80,000) $(120,000) Expected net cash flows in year: 1 25,000 60,000 35,500 50,000 60,500 40,000 WN 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? ce Complete this question by entering your answers in the tabs below. Required Required B Compute each project's net present value. Net Cash Flows Present Present Value of 1 Value of Net at 4% Cash Flows Project X1 Year 1 Year 2 Year 3 Totals Amount invested Net present value Project x2 Year 1 Year 2 Year 3 Totals Amount Invested Net present value Required Required B >