Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company requires a 12% return from its investments. (PV of $1, EV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment Net cash flows in: Pool $ (183,325) Spa $ (157,960) Year 1 39,000 37,000 Year 2 50,000 55,000 Year 3 91,295 53,000 Year 4 79,400 73,000 Year 5 71,000 38,000 a. For each investment project compute the net present value. b. For each investment project compute the profitability index. c. If the company can only select one project, which should it choose on the basis of profitability index? Complete this question by entering your answers in the Req A Req B and C For each investment project compute the net present value. Net Cash Pool Flows Year 1 Year 2 Year 3 Year 4 Year 5 Totals Totals Present Value Present Value of Net Cash Flows Spa Net Cash Flows Present Value Present Value of Net Cash Flows Year 1 Year 2 Year 3 Year 4 Year 5 $ Req B and C >