Project x1 $(120,000) Project x2 $(200,000) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 45,000 55,500 80,500 90,000 80,000 70,000 2:19 a. Compute each project's net present value. b. Compute each project's profitability index. If the company can choose only one project, which should it choose? Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's net present value. (Round your final answers to the nearest dollar.) Net Cash Flows Present Value of 1 at 4% Present Value of Net Cash Flows $ 45,000 55,500 80.500 181,000 $ $ 0 $ 0 Project X1 Year 1 Year 2 Year 3 Totals Amount invested Net present value Project X2 Year 1 Year 2 Year 3 Totals Amount invested Net present value $ 90.000 80,000 70,000 $ 240,000 $ 0 $ 0 a. Compute each project's net present value. b. Compute each project's profitability index. If the company can choose only one project, which should it choose? Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's profitability Index. If the company can choose only one project, which should it choose? Profitability Index Choose Numerator: Choose Denominator: - Profitability Index / Profitability index Project X1 0 Project X2 0 If the company can choose only one project, which should it choose?