Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 4% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project x1 $ (80,000) Project x2 $ (120,000) Initial investment Net cash flows in: Year 1 Year 2 Year 3 25,000 35,500 60,500 60,000 50,000 40,000 a. Compute each project's net present value. b. Compute each project's profitability index. c. If the company can choose only one project, which should it choose on the basis of profitability index? Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute each project's net present value. Net Cash Flows Present Value of Present Value of Net 1 at 4% Cash Flows Project X1 Year 1 Year 2 Year 3 Totals $ 0 $ 0 $ 0 Initial investment Net present value Project X2 Year 1 Year 2 Year 3 Totals $ 0 $ 0 Initial investment Net present value $ Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute each project's profitability index. Profitability Index Denominator: Numerator: = Profitability Index Profitability index 1 0 Project X1 Project X2 0 Required A Required B Required C If the company can choose only one project, which should it choose on the basis of profitability index? If the company can choose only one project, which should it choose on the basis of profitability index?