Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $228,000 and would yield the following annual cash flows. ( PV of $l. FV of Sl. PVA of S1. and FVA of $1) (Use appropriate factor(s) from the tables provided.) Assuming that the company requires a 12% return from its investments, use net present value to determine which projects, if any, should be acquired