Following is information on two alternative investments being considered by Tiger Co. The company requires an 8% 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 Expected net cash flows in: Year 1 Year 2 Year 3 Project x1 $(118,000) 44,000 54,500 79,500 Project X2 $(196,000) 88,500 78,500 68,500 a. Compute each project's net present value. b. Compute each project's profitability Index. If the company can choose only one project, which should it choose? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's net present value. (Round your final answers to the nearest dollar) Net Cash Flows Present Value of 1 at 8% Present Value of Net Cash Flows $ 44,000 54,500 79,500 $ 178,000 0.9250$ 0.8573 0.7938 $ 40,741 46,724 63,110 150,575 118,000 $ 32,575 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 0.9250 $ $ 88,500 78,500 68,500 $ 235,500 0.8573 0.7938 81.944 67.301 54.378 203.623 196,500 $ $ 7,123 Rece Required B >