xercise 26-18 (Algo) Net present value, unequal cash flows, and internal rate of return LO P3, P4 hoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $336,000 and would yield the llowing annual net cash flows. (PV of $1, FV of $1, PVA of $1, and FFVA of $1 ) lote: Use appropriate factor(s) from the tables provided. a. The company requires a 8% 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 8% for (i) Project C1 and (ii) Project C2? Hint: It is not necessary to compute IRR to answer this question. 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. Complete this question by entering your answers in the tabs below. Jsing the answer from part a, is the internal rate of return higher or lower than 8% for (i) Project C1 and (ii) Project C2? Hint: It is not necessary to compute IRR to answer this