Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $306,000 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.) C1 C2 C3 Year 1 Year 2 Year 3 Totals 38,000 $122,000 $206,000 122,000 194,000122,00074,000 366,000 $366,000 $366,000 134,000 86,000