Exercise 26-11 Net present value, profitability index mp3 Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. Initial investment Expected net cash flows: Year 1 Project X1 Project X2 $(80,000) $(120,000) 25,000 60,000 35,500 50,000 60,500 40,000 Year 2 Year 3 Compute each project's (a) net present value and (b) profitability index. (Round present value calculations to the nearest dollar and round the profitability index to two decimal places. If the company can choose only one project, which should it choose