Exercise 11-14 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 $330,000 and would yield the following annual cash flows, PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Year 1 Year 2 Year 3 Totals CI $ 46,000 142,000 202,000 $390,000 C2 $130,000 130,000 130,000 $390,000 C3 $214.000 94,000 82,000 $390,000 1. Assume that the company requires a 8% 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 8% for Project C2? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company requires a 8% return from its investments. Using net present value, determine which projects, ir any, should be acquired. (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) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company requires a 8% return from its investments. Using net present value, determine which projects, if any, should be acquired. (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 investment Chart Values are used on Cash Intlow * PV Factor Present Value Year 1 2 3 Prota PV Fatt Prand Value inwestment Cash in 1 2 a Can 1 Exercise 11-14 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 initiat investment of $330.000 and would yield the following annual cash flows. CV of $1. FV of S1 PVA of S1, and FVA of $1] (Use appropriate factor(s) from the tables provided.) Year 1 Tear 2 Tear 3 Totals ci $ 46,000 142,000 202,000 $390,000 $130,000 130,000 130.000 $390,000 ca 5214.000 90,000 02.000 $350.000 1. Assume that the company requires a 8% 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 8% for Project C2? Complete this question by entering your answers in the tabs below. Required Required 2 Using the answer from part 1. is the internal rate of return higher or lower than 5% for Project C2? Is the whole of win high or lower than o% for Project C27