Phoenix Company is considering investments in projects C$1$ and C$2.$ Both require an initial investment of $$294,000$ and would yield the following annual net cash flows. $($PV of $$1.$ EV of $$1,$ PVA of $$1,$ and EVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$\backslash$table$[[$Net cash flows,Project C$1,$Project C$2],[$Year $1,$$$34,000,$$$118,000$