Year 1 46,000 142,000 $ 130,00 Phoenix Company is considering investments in projects C1 and C2 Both require an initial investment of $330,000 and would yield the following annual net cash flows PV of $1. FV of S1. PVA of $1. and FVA 051) (Use appropriate factor(s) from the tables provided.) Net cash flows Project a Project 2 Year 2 130,000 200,000 Totals 5.390,000 o. The company requires a 8% return from its investments Compute net present values using factors from Table B1 in Appendix B to determine which projects, if any, should be accepted b. Using the answer from part is the internal rate of return higher or lower than 85 foro Project C1 and 00 Project C2? Hint is not necessary to compute IRR to answer this question Year 3 130.00 5 390,000 Complete this question by entering your answers in the tabs below. Required A Required B Required A Required B The company requires a 8% return from its investments. Compute net present values using factors from Appendix B to determine which projects, if any, should be accepted. (Negative net present values should minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole doll Project C1 Net Cash Flows Present Value of 1 at 8% Present Value of Net Cash Flows 11 Year 1 Year 2 Year 3 111 Totals Project C2 Net Cash Flows Present Value of 1 at 8% Present Value of Net Cash Flows Year 1 Year 2 Year 3 ILI 11 Totals Which projects, if any, should be accepted Net cash TLOWS Year 1 Year 2 Year 3 Totals Project $ 46,000 142,000 282,000 $ 390,000 Project 2 $ 130,000 130,000 130,000 $ 390,000 a. The company requires a 8% return from its investments. Compute net present values using factors from Table 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 (0) Project C1 and (ii) Proje necessary to compute IRR to answer this question. Complete this question by entering your answers in the tabs below. Required A Required B Using the answer from part a, is the internal rate of return higher or lower than 8% for (1) Project C1 and (11) Project C2? Hint: It is not necessary to compute IRR to answer this question is the internal rate of return higher or lower than 8% for Project C1? () is the internal rate of return higher or lower than 8% for Project C2?