Following is information on two alternative investment projects being considered by Tiger Company. The company requires an 8% return from its investments. (Use appropriate factor(s) from the tables provided.) Project XI Project x2 Initial investment $ (98,000) $ (156,000) Net cash flows in: Year 1 34,000 73,500 Year 2 44,500 63,500 Year 3 69,500 53,500 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? Compute each project's net present value. (Round your final answers to the nearest dollar.) Present Value Net Cash Flows Present Value of 1 at 8% of Net Cash Flows Project X1 Year 1 Year 2 Year 3 Totals S 0 $ 0 Initial investment Net present $ 0 value Project X2 Year 1 Year 2 Year 3 Totals $ 0 S 0 Initial investment Net present value $ 0 Compute each project's profitability index. Project X1 Project X2 Numerator: Profitability Index Denominator: Profitability Index Profitability index 0 0