Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $246,000 and would yield the following annual cash flows. (PV of $1, FV of $1, PVA of $1, and FVA of S1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.) C2 $ 18,000 $102,000 $186,000 C1 C3 Year 1 Year 2 Year 3 114,000 02,000 174,000 102,000 66,000 54,000 Totals $306,000 $306,000 $306,000