Phoenix Company is considering investments in projects Cl and C2. Both require an initial investment of $294.000 and would yield he 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 ci Project C2 Year 1 $ 34,280 $ 118,080 Year 2 130,000 118, we Year 3 190,000 118,30 Totals $ 354,000 $ 354,00 1. The company requires a 9% return from its investments. Compute net present values using factors from Table B.1 in Appendix B to etermine which projects, if any, should be accepted. . Using the answer from part a, is the internal rate of return higher or lower than 9% for (1) Project C1 and (ii) Project C2? 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. (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 Initial Investment Chart Values are Based on: % Cash Inflow X PV Factor Present Value Year Year 1 Year 2 = Year 3 Project C2 Initial Investment Cash Inflow X PV Factor Present Value Year Year 1 Year 2 Year 3