Following is Information on two alternative investment projects being considered by Tiger Company. The company requires a 6% return from its investments. (PV of $1. FV of $1. PVA of $1 and FVA of $1) (Use appropriate foctor(s) from the tables provided.) Initial investment Net cash flows in: Project x1 5 (94,000) Project X2 5 (148,000) Year 1 Year 2 Year 3 32,000 42,500 67,500 70,500 60,580 50,500 a. 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 Net Cash Flows Present Value of 1 at 6% Present Value of Net Cash Flows Project X1 Year 1 Year 2 Year 3 Totals Initial investment Net present value Project X2 Year 1 Year 2 Year 3 Totals Initial investment Net present value Profitability Index Denominator: Numerator: Profitability Index Profitability index Project X1 Project x2 Required A Required B Required c If the company can choose only one project, which should it choose on the basis of profitability index? If the company can choose only one project, which should it choose on the basis of profitability index?