Phoenix Company is considering Investments in projects Ct and C2. Both require an initial investment of $258,000 and would yield the following annual net cash flows. (PV of S1. EV of S1, PVA of $1. and EVA of S1) (Use appropriate factor(s) from the tables provided.) Net cash flows Year 1 Year 2 Year 3 Totals Project CI $ 22,090 115,000 178,000 $ 310,000 Project 2 $ 106,000 106,00 106,000 $310.000 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, if any, should be accepted b. Using the answer from parta is the internal rate of return higher or lower than 10% for Project Cond (l) Project C2? Hinc it is not necessary to compute IRR to answer this question 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.) Present Value Project C1 Present Value of Net Cash Flows of 1 at 10% Net Cash Flows Year 1 Year 2 Year 3 Totals $ 0 Net Cash Flows x Present Value of 1 at 10% Present Value of Net Cash Flows Project C2 Year 1 Year 2 Year 3 Totals 0 Which projects, if any, should be accepted Red Required a