Exercise 11-18 (Static) Net present value, unequal cash flows, and internal rate of return LO P3, P4 Project C2 Year 1 Year 2 $ 12,000 96,000 Phoenix Company is considering investments in projects C1 and C2. Both require an initial investment of $228.000 and would yield the following annual net cash flows. (PV of $1. FV of S1. PVA of $1. and FVA 0f 5) (Use appropriate factor(s) from the tables provided.) Net cash flows Project 1 $ 96,000 105,000 Year 3 96,000 $ 200,000 $ 288,000 a. The company requires a 12% return from its investments. Compute net present values using factors from Table B1 in Appendix B to determine which projects, if any, should be accepted b. Using the answer from part a, is the internal rate of return higher or lower than 12% for (1) Project C1 and ( Project C2? 168,000 Totals Complete this question by entering your answers in the tabs below. Required A Required Required A Required B The company requires a 12% return from its investments. Compute net present values using factors from Table B.1 Appendix B to determine which projects, if any, should be accepted. (Negative net present values should be indicate minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.) Project C1 Initial Investment Chart Values are Based on: % Year Cash Inflow X PV Factor Present Value Year 1 Year 2 Year 3 Project C2 PV Factor Present Value Initial Investment Year Cash Inflow Year 1 Year 2 Year 3 LIII 1111 Required 8 > Complete this question by entering your answers in the tabs below. Required A Required B Using the answer from part a, is the internal rate of return higher or lower than 12% for (1) Project ci and (I) Project C2? () is the internal rate of return higher or lower than 12% for Project C12 CD) is the internal rate of return higher or lower than 12% for Project C2?