Exercise 11-18 (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. Eoth require an initial investment of $288,000 and would yeld the following annual net cash flows. (PV olS1. FV of S1, PVA of S1, and EVA of S1) Note: Use oppropriate foctor(s) from the tables provided. a. The company requires a 9% return from its investments. Compute net present values using factors from Table B.1 in Appendi to determine which projects, if any, should be accepted. b. Using the answer from part , is the internal rate of return higher or lower than 9% for (i) Project Cl and (ii) Project C2? Hint in not necessary to compute IRR to answer this question. Complete this question by entering your answers in the tabs below. The company requires a 9% 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. Round your answers to the nearest whole dollar. Round Complete this question by entering your answers in the tabs below. The company requires a 9% return from its investments. Compute net present values using factors from Tabie B.1 in Appendix 8 to determine which projects, if any, should be accepted. Note: Negative net present values should be indicsted with a minus sign. Round vour presemt value factor to 4 decimals. Plound your answers to the nearest whole dollar