Following is information on two alternative investments being considered by Tiger Co. The company requires a 8% 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.) Initial investment Expected net cash flows in year: Project X1 $(98,000) Project X2 $(156,000) 1 2 3 34,000 44,500 69,500 73,500 63,500 53,500 1(a) Compute each project's net present value. Net Cash Flows Present Value of 1 at 8% 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? OO Project X1 Project X2