Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. (EV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Project X1 $ (80,000) Project X2 $(120,000) Initial investment Expected net cash flows in year: 2 3 25,000 35,500 60,500 60,000 50,000 40,000 1(a) Compute each project's net present value Net Cash Flows Present Value of 1 at 4% Present Value of Net Cash Flows ProjectX'1 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 0 0 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