Following is information on two alternative investments being considered by Tiger Co. The company requires a 4 % return from its investments. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Project X2 $ (120,000) Project X1 $(80,000) Initial investment Expected net cash flows in year: 1 25.000 60,000 50,000 40,000 2 35,500 60,500 3 1(a) Compute each project's net present value. Present Value of 1 at 4% Net Cash Flows Present Value of Net Cash Flows Project X1 Year 1 Year 2 Year 3 Totals Amount invested Net present value Project X2 Year 1 Year 2 Year 3 Totals Amount invested Net present value 1(b) Compute each project's profitability index. Profitability Index Choose Numerator: Choose Denominator: Profitability Index Profitability index Project X1 Project X2 2. If the company can choose only one project, which should it choose? Project X1 Project X2