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 ows. [PV 01$1. FV of $1. PVA of $1, and PM of 81] [Use appropriate factorisl from the tables provided.) Net cash 'Flows Project C1 Project C2 Year 1 $ 12,666 $ 96,000 Year' 2 168,666 96,666 Year' 3 168,869 96,669 Totals $ 288,600 $ 288,000 a. The company requires a 12% return from its investments. Compute net present values using factors from Table E51 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 12% for [i]: Project C1 and {ii} Project C2? Hint: It is not necessary to compute IRR to answer this question. a. The company requires a 12% 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 12% 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 12% 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.) Project C1 Net Cash Flows X Present Value of 1 Present Value of Net at 12% Cash Flows Year 1 = Year 2 Year 3 Totals Project C2 Net Cash Flows Present Value of 1 Present Value of Net X at 12% Cash Flows Year 1 = Year 2 1I Year 3 Totals Which projects, if any, should be accepted a. The company requires a 12% 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 12% 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 12% 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 12% for Project C1? (ii) Is the internal rate of return higher or lower than 12% for Project C2?