Phoenix Company can invest in each of three cheese-making projects: C1, C2. and C3. Each project requires an initial investment of 252,000 and would yield the following annual cash flows. (PV of $1. FV of $1. PVA of $1. and FVA of $1 (Use approprlate factor(s) from the tables provlded.) C1 29,000 116,800 C2 $184 , 184,808 C3 Year 1 Year 2 Year 3 Totals $ $188,000 68,808 56,898 $312,8ee 312,88 $312,808 11) Assume that the company requires a 10% return from its investments. Using net present value, determine which projects, if any, hould be acquired. (Negatlve net present values should be Indlcated wlth a mlnus sign. Round your answers to the nearest whole dollar.) Chart Values are Based on: YearCash Inflow x PV Factor Present Value Project C2 Initial Investment Year | Cash Inflow | x | PV Factor | | Present Value Project C3 Initial Investment YearCash Inflow x PV Factor Present Value