Following is information on two alternative investment projects being considered by Tiger Company. The company requires an 8% return from its investments. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment Project XI $ (88,000) Project X2 $ (136,000) Net cash flows in: Year 1 29,000 66,000 Year 2 Year 3 39,500 56,000 64,500 46,000 6. Compute each project's net present value. b. Compute each project's profitability index. c. 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 Required C Compute each project's net present value. (Round your final answers to the nearest dollar.) Project X1 Year 1 Year 21 Year 31 Totals Initial investment Net present value Net Cash Flows Present Value of 1 at 8% Present Value of Net Cash Flows 29,000 39,500 64,500 $ 133,000 $ 0 88,000 (88 000)