Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. 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: Pool $ (184,325) Spa $ (159,960) Year 1 Year 2 Year 3 Year 4 Year 5 54,000 52,000 73,295 85,400 73,000 33,000 44,000 53,000 79,000 29,000 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 tabs below. Reg A Req B and C For each investment project, compute the net present value. Pool $ Initial Investment 184,325 Chart Values are Based on: % Cash Inflow X PV Factor Present Value Year Year Year 1 2 Year 3 Year 4 Year 5 = Spa $ 159,960 PV Factor Present Value Initial Investment Year Cash Inflow Year 1 Year 2 Year 3 Year 4 Year 5 Reg A Reg B and C 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? Profitability Index 1 Numerator: Denominator: 1 Profitability index Pool Spa If the company can only select one project, which should it choose on the basis of profitability index?