Check my Exercise 24-14 Computing and interpreting net present value and internal rate of return LO P3, P4 Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $252,000 and would yield the following annual cash flows. (PV of $1. FV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Year 1 Year 2 Year 3 $ 20,000 116,00 176.000 $312.000 C2 $104,000 104,000 104,000 5312,900 $185.000 68,000 56,000 $312.000 Totals 1. Assume that the company requires a 10% return from its investments Using net present value, determine which projects. If any. should be acquired 2. Using the answer from part 1. is the internal rate of return higher or lower than 10% for Project C2? Complete this question by entering your answers in the tabs below. Required Required 2 Assume that the company requires a 10% return from its investments. Using net present value determine which projects,