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please help on question 1, parts 1-3. Thank you! 1) Cerritos Company can invest in each of three cheese-making projects: C1, C2, and C3. Each

image text in transcribedplease help on question 1, parts 1-3. Thank you!

1) Cerritos Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $438,374 and would yield the following annual cash flows. c1 c2 C3 $ $ $ Year 1 Year 2 Year 3 Totals 24,000 216,000 336,000 576,000 192,000 192,000 192,000 576,000 360,000 120,000 96,000 576,000 $ $ $ Required 1- Assuming that the company requires a 12% return from its investments, use net present value to determine which projects, if any, should be acquired. 2- Using the answer from part 1, explain whether the internal rate of return is higher or lower than 12% for project C2. 3- Compute the internal rate of return for project C2

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