Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $258,000 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 C1 C3 Year 22,000 106.000190.000 Year 2 118,000106,000 70,000 58,000 Year 3178,00C 106,000 Totals 318,000318,000 318,000 (1) Assume that the company requires a 10 % return from its investments. Using net present value, determine which projects, if any, should be acquired. (Negative net present values should be indicated with a minus sign. Round your answers to the nearest whole dollar.) Project C1 Inital Investment Chart Values are Based on: Year Cash Inflow PV Factor Present Value x 2 3 Project C2 Initial Investment Project C3 Year Cash Inflow PV Factor Present Value Initial Inyestment 1 PV Factor Year Cash inflow Present Value