Following is information on two alternative investments projects being considered by Tiger Company. The company requires a 9% 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.) Project x1 $ (116,000) Project x2 $ (172,000) Initial investment Net cash flows in: Year 1 Year 2 Year 3 43,000 53,500 78,500 87,000 77,000 67,000 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 on the basis of profitability index? Required A Required B Compute each project's net present value. (Round your answers to the nearest whole dollar.) Net Cash Flows Present Value of Present Value of 1 at 9% Net Cash Flows Project X1 Year 1 Year 2 Year 3 Totals $ 0 $ 0 Initial investment $ 0 Net present value Project X2 Year 1 Year 2 Year 3 Totals $ 0 $ 0 Initial investment Net present value $ 0 Required A Required B Compute each project's profitability index. If the company can choose only one project, which should it choose on the ba profitability index? Profitability Index Numerator: 1 Denominator: / Profitability index 0 Project X1 Project X2 If the company can choose only one project, which should it choose on the basis of profitability index? 0