Phoenix Company is considering Investments in projects C1 and C2. Both require an initial investment of $306.000 and would yield the following annual net cash flows. (PV of $1. EV of $1. PVA of $1. and EVA of $1) Note: Use appropriate factor(s) from the tobles provided. Net cash flows Year 1 Year 2 Year 3 Totals Project C1 338,000 134,000 104,000 $ 366,000 Project C2 $ 122,000 122,000 122,000 $ 366,000 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 C2? Hint: It is not necessary to compute IRR to answer this question. D rences a. The company requires a 9% return from its Investments. Compute net present values using factors from Table B1 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 (1) Project C1 and (1) Project C2? 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 D The company requires a 9% return from its investments. Compute net present values using factors from Table 8.1 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 lessA Project C1 Year 1 Year 2 Net Cash Flows x Present Value of 1 at 9% Present Value of Net Cash Flows Totals Year 3 Totals Project C2 Year 1 Net Cash Flows Present Value x of 1 at 9% Year 2 Year 3 of shredd be accepted Present Value of Net Cash Flows