Phoenix Company is considering investments in projects $C1$ and $C2.$ Both require an initial investment of $$228,000$ and would yield the following annual net cash flows. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

$\backslash$table$[[$Net cash flows,Project C$1,$Project C$2],[$Year $1,$$$12,000,$$$96,000$