Table B. 2 Future Value of 1 f=(1+i)n Using the answer from part a, is the internal rate of return higher or lower than 9% for (i) Project C1 and (ii) Project C2? Hint: It is not necessary to compute IRR to answer this question. Table B.1* Present Value of 1 p=1/(1+i)n =5% (12 semiannual periods and a semiannual rate of 5\%), the factor is 0.5568. You would need to invest $2,784 today ($5,0000.5568) Table B. 4 Future Value of an Annuity of 1 f=[(1+i)n1]/i FV factor is 7.3359. $4,000 per year for 6 years accumulates to $29,343.60($4,0007.3359). Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $288,000 and would yield the following annual net cash flows. (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. a. The company requires a 9% return from its investments. Compute net present values using factors from Table B.1 in Appendix B to determine which projects, if any, should be accepted. b. Using the answer from part a, is the internal rate of return higher or lower than 9% for (i) Project C1 and (ii) Project C2? Hint: It is not necessary to compute IRR to answer this question. Complete this question by entering your answers in the tabs below. The company requires a 9% return from its investments. Compute net present values using factors from Table B.1 in Appendix B to determine which projects, if any, should be accepted. Note: Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar. Table B.3 Present Value of an Annuity of 1 p=[11/(1+i)n]/i the PV factor is 6.4177. $2,000 per year for 10 years is the equivalent of $12,835 today ($2,0006.4177)