Saved s 21, 23, 24 Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $330,000 and would yield the following annual cash flows. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) C1 C3 C2 46,000 $130,00 $214,900 Year 1 Year 2 Year 3 Totals 142,000 130,000e 94,000 130,900 82,00 $390,000 $390,000 $390,000 (1) Assume that the company requires a 8% return from its investments. Using net present value, determine which projects, if any should be acquired. (Negative net present values should be indicated with a minus sign. Round your answers to the nearest whole dollar.) Project C1 Initial Investment Values are Based on: Cash Inflow x PV FactorPresent Value Initial Investment lue