Phoenix Company is considering irwestments in projects Ct and CZ. Both requle an initial investment of 8336.000 and would yisid the a. The company requires a Bs return from its investnents. Compule net present values using factors from fable 81 in Appendic determine which piojects, if any, thouid be accepted. b. Using the anwwer from part a, is the internal rate of retuin higher or lowet than sis for (f) Project Ci and (a) Project C27 hine 8 a not necessary to compute IRR to answer this question. Complete this eqeestion by entaring vour answers in the tabo beiow. The company requires a swh return from its uvestments. Compute net precent values using factors from tatie a.t in Appendix B to determine which projecti, if any, thould be accepted, (Negobve net present values should the indirated with a The company requires a 8% retum from its investments. Compute net present values using foctors from Table a. 1 in Appendix B to determine which projects, If any, sthiluld be accopted. (Negative nef present wafues should be indicated with a minus sign. Raund yeur present value factor to 4 decimals. Round your answers to the nearest ahiole dofliar.)