0.59 points eBook Hit Prive References Exercise 24-18 (Algo) Net present value, unequal cash flows, and internal rate of return LO P3, P4 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. EV of $1. PVA of $1 and EVA of S1) (Use appropriate factor(s) from the tables provided.) Net cash flows Year 1 Year 2 Year 3 Totals Project C1 $46,000 142,000 202,000 $390,000 Project C2 $130,000 130,000 130,000 $ 190,000 a. The company requires a 8% return from its investments Compute net present values using factors from Table 111 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 00 Project C1 and 00 Project C2? Hint: It is not necessary to compute IRR to answer this question 11 Required A Required B 0.59 points 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. (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.) eBook Project C1 Year 1 Net Cash Flows Here Year 2 Year 3 Print Totals References Totals Present Value of tatas Present Value of Net Cash Flows Project C2 Net Cash Flows Present Value of 1 at 8% Present Value of Net Cash Flows Year 1 Year 2 Year 3 Which projects, if any, should be accepted Required B > a. 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 a, is the internal rate of return higher or lower than 8% for () Project C1 and (i) 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. Required A Required 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. 00 Is the internal rate of return higher or lower than 8% for Project C1? (e) is the internal rate of return higher or lower than 8% for Project C2?