Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $270,000 and would yield the following annual net cash flows. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factorts) from the tables provided.) Net cash flows Project C1 Project C2 Year 1 $ 26,000 $ 110,000 Year 2 122,000 110,000 Year 3 182,000 110,000 Totals $ 330,000 $ 330,000 a. The company requires a 10% return from its investments. Compute net present values using factors from Table 8.1 in Appendix B to determine which projects, ifany, should be accepted. b. Using the answer from part a, is the internal rate of return higher or lower than 10% for (i) Project C1 and (ii) 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 B Using the answer from part a, is the internal rate of return higher or lower than 10% for (i) Project C1 and (ii) Project C2? Hint: It is not necessary to compute IRR to answer this question. (i) Is the internal rate of return higher or lower than 10% for Project C1? (ii) Is the internal rate of return higher or lower than 10% for Project C2? a. Ine company requires a 10%% return from its investments. Compute net present values using factors from lable 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 10% for (i) Project C1 and (ii) 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 B The company requires a 10% 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. (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.) X Present Value Present Value Project C1 Net Cash Flows E of Net Cash of 1 at 10% Flows Year 1 $ 26,000 x 0.9090 = $ 23,634 Year 2 122,000 X 0.8260 = 100,772 Year 3 182,000 X 0.7510 = 136,682 Totals $ 330,000 $ 261,088 Present Value Project C2 Net Cash Flows Present Value X of 1 at 10% of Net Cash Flows Year 1 Year 2 Year 3 Totals $ 0 Which projects, if any, should be acceptedPhoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $270,000 and would yield the following annual net cash flows. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Net cash flows Project C1 Project C2 Year 1 $ 26,000 $ 110,000 Year 2 122,000 110,000 Year 3 182,000 110,000 Totals $ 330,000 $ 330,000 a. The company requires a 10% return from its investments. Compute net present values using factors from Table 8.1 in Appendix B to determine which projects, ifany, should be accepted. b. Using the answer from part a, is the internal rate of return higher or lower than 10% for (i) Project C1 and (ii) 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 B The company requires a 10% 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. (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.) .-= .= .-= _I_I