16 Exercise 26-18 (Algo) Net present value, unequal cash flows, and Internal rate of return LO P3, P4 1.6 points Phoenix Company is considering investments in projects Cland C2. Both require an initial investment of $312,000 and would yield the following annual net cash flows. (PV of $1, FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Net cash flow Project ci Project cz Year 1 $40.000 $ 124,000 Year 2 126.000 124,000 Yea: 3 196,000 124.000 Totala 6372,000 6 372,000 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 porta, is the internal rate of return higher or lower than 9% for Project C1 and Project CZ? ebook Hint Print Complete this question by entering your answers in the tabs below. a References Required A Required B 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. (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.) Project 1 Initial Investment Chart Values are Based on: % Year Cash Inflow PV Factor = Present Value 1 2 3 Project C2 PV Factor Present Value Initial Investment Year Cash Inflow 1 2 2 3