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Help solve please. Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $300,000

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Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $300,000 and would yield the following annual cash flows. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) C2 S 36,000 $120,000 204,000 120,000 120,000 $360,000 360,000 360,000 C1 C3 Year Year 2 Year 3 Totals 132,000 192.000 84,000 (1) Assume that the company requires a 9% return from its investments, using net present value, determine which projects, if any should be acquired. (Negative net present values should be indicated with a minus sign. Round your answers to the nearest whole dollar.) Project C1 Initial Investment Chart Values are Based on: Year Cash Inflowx PV Factor Present Value Project C2 Initial Investment Year Cash Inflow x PV Factor Present Value Project C3 Initial Investment Year Cash Inflow x PV Factor = Present Value

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