Exercise 11-10 (Algo) Net present value, unequal cash flows, and profitability index LO P3 Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 4% return from its investments. (PV of $1. FV of S1. PVA of S1, and FVA of S1) (Use appropriate factor(s) from the tables provided.) Project X Project X2 Initial investment 5 (180,000) Net cash flows in 40,000 82,500 50,500 75,500 62,500 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? 5 (110,000) Year 1 Year 2 Year 3 72,500 Complete this question by entering your answers in the tobs below. Required A Required B Required Compute cach project's not present value. (Round your final answers to the nearest dollar) Not Cash Flows Present Value Present Value of of 1 at 4% Net Cash Flows 5 0 5 0 Project X1 Year 1 Year 2 Year 3 Total Initial investment Not present value Project x2 Year 1 Year 2 Year Trials 5 We o put powdex c. If the company can choose only one project, which should it choose on the basis of profitability index? Complete this question by entering your answers in the tabs below. Required A Required B Required Compute each project's profitability Index. Numerator Profitability Index 1 Denominator 1 Profitability Index Profitability Index 0 Project X1 Project X2