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Phoenix Company is considering investments in projects C 1 and C 2 . Both require an initial investment of $ 2 5 8 , 0

Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $258,000 and would yield the following annual net cash flows. (PV of $1. FV of $1. PVA of $1, and EVA of $1)
Note: Use appropriate factor(s) from the tables provided.
\table[[Net cash flows,Project C1,Project C2],[Year 1,$22,000,$106,000
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