Phoenix Company can invest in each of three cheese making projects C1 C2 and C3. Each project requires an initial investment of $270.000 and would yield the following annual cash flows. Py of $1. EVO 51 PVA of S1, and EVA of $1 (Use appropriate foctor(s) from the tables provided.) Year 1 Year 2 Year) Totals ci $ 26,000 122.000 $110.000 110,000 110.000 $110.000 $194.00 74.000 62,00 5.330,000 $310.000 1. Assume that the company requires a 10% return from its investments Using net present Value determine which projects, fany. should be acquired 2. Using the answer from part is the internal rate of return higher or lower than 10% for Project 22 Complete this question by entering your answers in the tabs below Required 1 Round 2 Assume that the company requires 10 from events in het present value, determine which projects, should be cured. Neste present thuid te indicated with Round your present vector to decimal Round you want to test whole ola Project C1 Westment Chart Values are based on Year Cashow Pacto Present Value 2 3 3 0 Project 2 f Initialvestment Year Cashlaflow PV Factor 1 Present Value int 2 3 0 Project CS Year Cashollow PV Factor 1 Present Value 3 ME Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3 Each project requires an initial investment of $270,000 and would yield the following annual cash flows. (PV of $1. EV of $1. PVA of S1 and FVA of 5) (Use appropriate factors) from the tables provided.) Year 1 Year 2 Year 3 Totals C1 $ 26,000 122,000 182.000 $330,000 $110,000 110,000 110,000 $350,000 03 $194,600 74.000 5330,000 1. Assume that the company requires a 10% return from its investments. Using net present value, determine which projects, if any, should be acquired 2. Using the answer from part 1, is the internal rate of return higher or lower than 10% for Project C2? Complete this question by entering your answers in the tabs below. Required 1 Rewired 2 using the answer from part is the Internal rate of return higher or lower than 10 for project.cz Is the Internal return how than 10% for Pro 27 (Required 1