Phoenix Company is considering investments in projects $C1$ and $C2.$ Both require an initial investment of $$312,000$ 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.

a$.$ The company requires a $9\%$ return from its investments. Compute net present values using factors from Table B$.1$ in Appendix B

to determine which projects, if any, should be accepted.

b$.$ Using the answer from part a$,$ is the internal rate of return higher or lower than $9\%$ for $($i$)$ Project $C1$ and $($ii$)$ Project C$2?$ Hint: It is

not necessary to compute IRR to answer this question.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

The company requires a $9\%$ return from its investments. Compute net present values using factors from Table B$.1$ in

Appendix B to determine which projects, if any, should be accepted.

Note: Negative net present values should be indicated with a minus sign. Round your present value factor to $4$ decimals.

Round your answers to the nearest whole dollar.

Show less $A$