Phoenix Company is considering irvestments in projects Cl and C2 Both require an initial investment of $276,000 and would yield the following annual net cash flows. (PV of S1. FV of S1. PVA of S1. and FVA of S1) (Use oppropriate foctor(s) from the tobles provided.) a. The company requires a 9% return from its investments. Compute net present values using factors from Table B1 in Appendix 8 to determine which projects, if any, should be accepted b. Using the answer from part a, is the intemal rate of retum higher or lower than 9% for (i) Project C fand (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% return from its investments. Compute net present values using factors from Table 8.1 in Appendlo B to determine which projects, if any, ehould be accepted. (Negativo not present values should be indicated with a minus sign. Round your present yaiue factor to 4 decimals. Round your answers to the nearest whole dollar.) Phoenix Company is considering investments in projects Cl and C2. Both require an intial investment of $276,000 and would yield the following annual net cash flows. (PV of.S1. PV of S1. PVA ofS1, and EVA of S1) (Use oppropriate foctor(s) from the tables provided.) o. The company requires a 9% return from its investments. Compute net present values using factors from Table 81 in Appendix 8 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 Cl and (i) Project C2? H.int it is not necessary to compute IRR to answer this question. Complete this question by entering your answers in the tabs below. Using the answer from part a, is the internal rate of return higher or lower than 9% for (i) Project Cl and (ii) project [2? Fint: It is not necessary to compute IRR to answer this