9 1.12 points Exercise 26-18 (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 $270,000 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.) Skipped Net cash flows Year 1 Project C1 $ 26,000 Project C2 $110,000 110,000 eBook Hint Year 2 Year 3 Totals 110,000 122,000 182,000 $ 330,000 $ 330,000 a. The company requires a 10% 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 10% for (1) Project C1 and (II) Project C2? Hint: It is not necessary to compute IRR to answer this question. Ask Complete this question by entering your answers in the tabs below. Print Required A Required B References The company requires a 10% 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 C1 Net Cash Flows x Present Value of 1 at 10% Present Value of Net Cash Flows Year 1 Year 2 Year 3 Totals $ Project C2 Present Value Net Cash Flows of 1 at 10% Present Value of Net Cash Flows Year 1 Year 2 Year 3 Totals $ Which projects, if any, should be accepted < Required A Required B >