Phoenix Company is considering investments in projects Cl and C2. Both require an initial investment of $276,000 and would yield int following annual net cash flows. (PV of S1. FV of \$1, PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided.) a. The company requires a 996 retum 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. Complete this question by entering your answers in the tabs below. The company requires a 9% retum 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 agn. Round your present value factor to 4 decomals. Round your answers to the nearent whole dollac)? Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $276,000 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.) a. The company requires a 9% retum 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 (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 answars in the tabs below. Using the answer from part a,is the intemal rate of retum higher or lower than 9% for (i) Project C1 and (ii) project C27Mint It is not necessary to compute IRR to answer this