Phoenlx Company can Invest In each of three cheese-making projects: C1, C2, and C3. Each project requlres an Initial Investment of $270,000 and would yleld the following annual cash flows. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use approprlate factorls) from the tables provided.) Year 1 Year 2 Year 3 Totals $26,eee 122,888 182,808 $338,eee $116 , eee 116,888 116,808 $338 , ?? $194 , eee 74,808 62,868 $338,800 (1) Assume that the company requires a 10% return from its Investments. Using net present value, determine which projects, f any, should be acquired. (Negative net present values should be Indicated with a minus sign. Round your answers to the nearest whole dollar.) Initial Investment Values are Based on: ash Inflow | x | PV Factor | = | Present Value Initial Investment ash Inflow | x | PV Factor | = | Present Value Initial Investment Year Cash Inflow | x | PV Factor | = | Present Value