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.) Year 1 Year 2 Year 3 C1 $ 22,000 118,000 178,000 $318,000 C2 $ 106,000 106,000 106,000 $318,000 C3 $190.000 70,000 58,000 $318,000 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 C1 Initial Investment Chart Values are Based on: Cash Inflow X PV Factor = Present Value Year 1 Project C1 Initial Investment Chart Values are Based on: Year Cash Inflow X PV Factor - Present Value Project C2 Initial Investment Year Cash Inflow X PV Factor - Present Value Project C2 Initial Investment Year Cash Inflow X PV Factor = Present Value Project C3 Initial Investment Year Cash Inflow X PV Factor = Present Value Project C3 Initial Investment Year Cash Inflow 1 X PV Factor = Present Value