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 7% 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 X1 Project X2 Initial investment $ (86,000 ) $ (132,000 ) Expected net cash flows in year: 1 28,000 64,500 2 38,500 54,500 3 63,500 44,500 a. Compute each projects net present value. b. Compute each projects profitability index. If the company can choose only one project, which should it choose?