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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) C1 C2 $ 26,000 $110,000 $194,000 122,000 110,000 74,000 182,000 110,000 62,000 $330,000 $330,000 $330,000 C3 Year 1 Year 2 Year 3 Totals (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 C Initial Investment Chart Values are Based on: = Present Value Year Inflow x Factor Project C2 Initial Investment Cash Inflow Present Value Year Factor 0 Project C3 Initial Investment Cashx Inflow x Present Value Year Factor 2