Ch 26: Homework i : Saved Help Saves Subn Save & Exit Check my work 11 Exercise 26-10 (Algo) Net present value, unequal cash flows, and profitability index LO P3 1.56 points Following is Information on two alternative Investment projects being considered by Tiger Company. The company requires a 5% return from its Investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project x1 $ (122,000) Project x2 $ 204,000) eBook Initial investment Net cash flows in: Year 1 Year 2 Year 3 46,000 56,500 81,500 91,500 81,500 71,500 Hint a. Compute each project's net present value. b. Compute each project's profitability Index. c. If the company can choose only one project, which should it choose on the basis of profitability Index? Print Complete this question by entering your answers in the tabs below. References Required A Required B Required C Compute each project's profitability index. Profitability Index Denominator: Numerator: = Profitability Index Profitability index = Project X1 Project X2