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 factor(s) from the tables provided.) Initial investment Net cash flows in Project xi Project x2 5 (94,800) $ (148,000) Year 1 Year 2 Year 3 32.ee 42,500 62,50 70,500 60,500 50,5ee o. 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 Compute each project's net present value. (Round your final answers to the nearest dollar) Net Cash Flows Present Value of 1 at 6% Present Value of Net Cashi Flows Project X1 Year 1 Year 2 $ $32,000 42,500 67,500 $ 142,000 0.9433 0.8899 0.8396 Year 3 Totals 30,185 37,820 X 56,673 124,678 94,000 30,678 $ $ $ Initial investment Net present value Project X2 Year 1 Year 2 Year 3 Totals Initial investment Net present Valle $ 70,500 60,500 50,500 $ 181,500 0.9433 0.8899 0.8396 66,502 53,838 42,399 162,739 148,000 $ 14,739 Required A Required B Required C Compute each project's profitability index. Profitability Index Denominator: Numerator Profitability Index Profitability index Present value of net cash flows 7 Initial investment S 14,739 X / $ 94,000 0.16 Project X1 Project X2 $ 30,678 $ 148,000 0.21 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required 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? Project X1